U.K. Core Retail Sales (YoY) For May 1.2% Vs. -0.8% Est.; -2.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. Core Retail Sales for May increased by 1.2% year-over-year, surpassing the estimated -0.8% and showing a significant improvement from the revised -2.5% in the prior period.
June 21, 2024 | 6:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) is likely to see a positive impact due to the better-than-expected U.K. Core Retail Sales for May, which increased by 1.2% YoY.
The better-than-expected retail sales data suggests a stronger U.K. economy, which is likely to positively influence the performance of the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80