France Consumer Spending (MoM) For March 0.4% Vs. 0.2% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's consumer spending for March increased by 0.4%, surpassing the estimated 0.2% and the previous month's 0.1%.
April 30, 2024 | 5:33 am
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POSITIVE IMPACT
The increase in France's consumer spending for March could signal stronger economic activity, potentially benefiting EWQ.
As EWQ tracks the investment results of an index composed of French equities, better-than-expected consumer spending in France suggests increased economic activity, which could lead to higher corporate earnings and, consequently, a positive impact on EWQ's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80