The iShares MSCI Germany ETF (EWG), which tracks the investment results of an index composed of German equities, is likely to be positively impacted in the short term by the unexpected increase in Germany's Industrial Production. This is because the ETF's performance is closely tied to the economic health and industrial output of Germany. The better-than-expected production figures suggest a stronger economic outlook for Germany, which could lead to increased investor confidence in German equities, potentially boosting EWG's price.