U.K. Gross Domestic Product (YoY) Preliminary For Q3 0.6% Vs. 0.5% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary report for Q3 shows that the U.K.'s Gross Domestic Product (GDP) has grown by 0.6% year-on-year, slightly above the estimated 0.5% and matching the prior quarter's growth.
November 10, 2023 | 7:04 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) could be positively impacted by the better-than-expected GDP growth in the U.K. for Q3.
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the U.K. equity market. Therefore, better-than-expected GDP growth, which indicates a healthier economy, could lead to improved performance of the U.K. equity market and, consequently, a potential increase in the value of EWU.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80