Reported Earlier, Australia Building Approvals (MoM) -4.6% Vs. -4.6% Est.; 8.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Building Approvals (MoM) have been reported at -4.6%, matching the estimated figure but showing a decrease from the prior 8.1%.
November 08, 2023 | 5:22 am
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The reported decrease in Australia's Building Approvals could potentially impact the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A decrease in building approvals indicates a potential slowdown in the construction sector, which could negatively impact the overall market and, by extension, the performance of EWA.
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