Eurozone Industrial Production (MoM) For May -0.6% Vs. -0.9% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Eurozone Industrial Production for May decreased by 0.6%, which is better than the estimated 0.9% decline but worse than the 0.1% decline in the previous month.
July 15, 2024 | 9:01 am
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) may experience short-term volatility due to the Eurozone Industrial Production data showing a smaller-than-expected decline.
The Eurozone Industrial Production data is a key economic indicator that can impact European markets. VGK, which tracks European stocks, may see some short-term volatility as the data was better than expected but still showed a decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50