France Consumer Spending (MoM) For April -0.8% Vs. 0.2% Est.; 0.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
France's consumer spending for April decreased by 0.8% month-over-month, missing the estimated increase of 0.2% and down from the revised prior figure of 0.5%.
May 31, 2024 | 6:58 am
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NEGATIVE IMPACT
France's consumer spending for April decreased by 0.8%, which is significantly below the estimated increase of 0.2%. This negative economic indicator could impact the iShares MSCI France ETF (EWQ) as it reflects the overall economic health of France.
The decline in consumer spending is a negative economic indicator, suggesting weaker economic activity in France. This could lead to a short-term decline in the iShares MSCI France ETF (EWQ) as it is directly tied to the French economy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80