Germany Industrial Production (MoM) For April -0.1% Vs. 0.1% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's industrial production for April decreased by 0.1% month-over-month, missing the estimated increase of 0.1% and showing a slight improvement from the prior month's -0.4%.
June 07, 2024 | 6:02 am
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Germany's industrial production for April fell by 0.1%, missing the estimated increase of 0.1%. This could negatively impact the iShares MSCI Germany ETF (EWG) in the short term.
The decline in Germany's industrial production, missing estimates, suggests potential economic weakness. This could lead to a short-term negative impact on the iShares MSCI Germany ETF (EWG), which is heavily influenced by Germany's economic performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80