Germany Factory Orders (MoM) For April -0.2% Vs. 0.6% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's factory orders for April decreased by 0.2% month-over-month, missing the estimated increase of 0.6% and showing a slight improvement from the prior month's -0.4%.
June 06, 2024 | 6:09 am
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Germany's factory orders for April fell by 0.2% MoM, missing the 0.6% estimate. This negative economic data could impact the iShares MSCI Germany ETF (EWG).
The decline in factory orders indicates a slowdown in Germany's manufacturing sector, which could negatively impact the performance of the iShares MSCI Germany ETF (EWG) as it is heavily exposed to the German economy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80