Germany Retail Sales (MoM) For December -1.6% Vs. 0.7% Est.; -0.8% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Retail Sales for December 2022 decreased by 1.6%, which was below the estimated 0.7% increase and also lower than the revised prior figure of -0.8%.
January 31, 2024 | 7:41 am
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The iShares MSCI Germany ETF (EWG) may face short-term negative pressure due to lower than expected retail sales in Germany for December.
As EWG tracks the investment results of an index composed of German equities, weaker retail sales data suggests a potential slowdown in the German economy, which could negatively impact investor sentiment towards German stocks and, by extension, EWG.
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