U.K. Industrial Production (MoM) For September 0.0% Vs. 0.1% Est.; -0.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Industrial Production for September was reported at 0.0%, missing the estimated 0.1% and lower than the revised prior of -0.5%.
November 10, 2023 | 7:05 am
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NEGATIVE IMPACT
The U.K. Industrial Production data, which came in lower than expected, may impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the U.K. market. The lower than expected Industrial Production data indicates a potential slowdown in the U.K. economy, which could negatively impact the performance of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80