U.K. Manufacturing Production (MoM) For September 0.1% Vs. 0.3% Est.; -0.7% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
UK's manufacturing production for September was reported at 0.1%, lower than the estimated 0.3% and significantly improved from the revised prior of -0.7%.
November 10, 2023 | 7:06 am
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NEGATIVE IMPACT
The lower than expected manufacturing production in the UK for September may impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of UK equities. As such, any significant changes in the UK's economic indicators, such as manufacturing production, can influence the performance of the ETF. The lower than expected manufacturing production for September may indicate a slowdown in the UK's economy, which could negatively impact the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80