France Consumer Spending (MoM) For October -0.9% Vs. -0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Consumer Spending for October decreased by 0.9%, which is a larger drop than the estimated 0.2% and a decline from the prior 0.2% increase.
November 30, 2023 | 7:47 am
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NEGATIVE IMPACT
The iShares MSCI France ETF (EWQ) may be impacted by the reported decline in France's Consumer Spending, as it reflects the performance of the French market.
The decrease in consumer spending in France suggests a potential slowdown in the French economy, which could negatively affect the performance of the French market and, consequently, the EWQ ETF that tracks it. However, this is a short-term indicator and may not reflect long-term trends.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70