U.K. Producer Price Index Input (MoM) For December -1.2% Vs. -0.7% Est.; -0.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Producer Price Index (PPI) Input for December showed a decrease of 1.2%, which is more than the estimated decline of 0.7%. This figure also represents a larger decrease compared to the revised prior month's figure of -0.4%.
January 17, 2024 | 7:02 am
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NEUTRAL IMPACT
The larger-than-expected decrease in the U.K. PPI Input suggests lower input cost pressures for producers, which could potentially lead to lower inflation rates and impact investor sentiment towards U.K.-related assets like the EWU ETF.
The U.K. PPI Input is an economic indicator that can influence inflation expectations and monetary policy decisions, which in turn can affect the performance of U.K.-related investments. However, the direct short-term impact on EWU may be limited as the ETF is influenced by a broader range of factors, including overall market sentiment and other economic data points.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70