Germany Industrial Production (MoM) For December -1.6% Vs. -0.4% Est.; -0.2% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Industrial Production for December decreased by 1.6%, which was significantly lower than the estimated -0.4% and the revised prior figure of -0.2%.
February 07, 2024 | 7:13 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may experience short-term negative impact due to the worse-than-expected decline in Germany's Industrial Production for December.
As EWG tracks the investment results of an index composed of German equities, the unexpected decline in Germany's Industrial Production for December suggests a potential weakening in the country's industrial sector. This could lead to negative investor sentiment towards German equities in the short term, potentially impacting EWG's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80