U.K. Producer Price Index Input (MoM) For October 0.4% Vs. 0.2% Est.; 0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Producer Price Index (PPI) Input for October showed an increase of 0.4%, which is higher than the estimated 0.2% and slightly lower than the prior revised figure of 0.6%.
November 15, 2023 | 7:05 am
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The higher-than-expected U.K. PPI Input may indicate rising inflationary pressures, potentially impacting the iShares MSCI United Kingdom ETF (EWU).
While the PPI Input is an indicator of inflation, the slight increase from the estimate may not significantly impact the short-term performance of EWU. However, investors may view this as a sign of ongoing inflationary trends, which could affect market sentiment.
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