Eurozone Industrial Production (MoM) For April -0.1% Vs. 0.1% Est.; 0.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Eurozone Industrial Production for April decreased by 0.1% month-over-month, missing the estimated increase of 0.1%. The previous month's figure was revised to a 0.5% increase.
June 13, 2024 | 9:55 am
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NEGATIVE IMPACT
The Eurozone Industrial Production for April fell by 0.1%, missing expectations. This could negatively impact the Vanguard FTSE Europe ETF (VGK) in the short term as it reflects economic slowdown in the Eurozone.
The decline in Eurozone Industrial Production indicates a slowdown in economic activity, which could negatively impact the performance of the Vanguard FTSE Europe ETF (VGK) as it is heavily exposed to European markets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80