U.K. Core Retail Sales (YoY) For March -0.3% Vs. 0.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. core retail sales for March showed a decline of 0.3% year-over-year, contrasting with the previous month's revised figure of 0.3% growth.
April 19, 2024 | 6:01 am
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NEGATIVE IMPACT
The decline in U.K. core retail sales for March may negatively impact investor sentiment towards EWU, reflecting concerns over U.K. consumer spending.
EWU, which tracks the U.K. market, is likely to be impacted by the negative retail sales data, as it suggests a slowdown in consumer spending, a key driver of economic growth. This could lead to bearish sentiment among investors concerned about the U.K.'s economic outlook.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80