Germany Gross Domestic Product (QoQ) For Q1 0.2% Vs. 0.2% Est.; -0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Gross Domestic Product (GDP) for Q1 grew by 0.2% quarter-over-quarter, matching the estimated growth and improving from the previous quarter's -0.3% decline.
May 24, 2024 | 6:04 am
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POSITIVE IMPACT
The iShares MSCI Germany ETF (EWG) is likely to see a positive impact as Germany's Q1 GDP growth of 0.2% matches estimates and shows improvement from the previous quarter's decline.
The GDP growth matching estimates and showing improvement from the previous quarter's decline is a positive economic indicator for Germany. This is likely to boost investor confidence in the iShares MSCI Germany ETF (EWG), which tracks the performance of the German equity market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100