U.K. Core Retail Sales (YoY) For February -0.5% Vs. -0.9% Est.; 0.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. core retail sales for February showed a year-over-year decrease of 0.5%, which is an improvement over the estimated -0.9% but a decline from the previous month's revised figure of 0.5%.
March 22, 2024 | 7:05 am
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NEUTRAL IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience short-term volatility due to the mixed U.K. core retail sales data for February.
The U.K. core retail sales data is a key economic indicator that can influence investor sentiment towards U.K.-focused ETFs like EWU. The mixed results, showing an improvement over estimates but a decline from the previous month, may lead to uncertainty and short-term volatility in EWU's price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75