France Consumer Spending (MoM) For September 0.2% Vs. 0.4% Est.; -0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
France's consumer spending for September was reported at 0.2%, lower than the estimated 0.4% and a decrease from the revised prior figure of -0.6%.
October 31, 2023 | 6:31 am
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NEGATIVE IMPACT
The lower than expected consumer spending in France may negatively impact the performance of the iShares MSCI France ETF (EWQ).
Consumer spending is a key economic indicator that can influence the performance of country-specific ETFs. In this case, lower than expected consumer spending in France could lead to a decrease in the value of the iShares MSCI France ETF (EWQ), which tracks the performance of the French market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100