Germany Industrial Production (MoM) For September -1.4% Vs. -0.1% Est.; -0.1% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's industrial production for September fell by 1.4%, significantly more than the estimated 0.1% decrease. The previous month's figure was revised to a 0.1% decrease.
November 07, 2023 | 7:02 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) could be negatively impacted by the larger than expected decrease in Germany's industrial production.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. A larger than expected decrease in industrial production could indicate a slowing economy, which could negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100