U.K. Producer Price Index (PPI) Input (MoM) For June -0.8% Vs. 0.1% Est.; -0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Producer Price Index (PPI) Input for June decreased by 0.8% month-over-month, which is significantly lower than the estimated 0.1% increase and the prior month's -0.6%.
July 17, 2024 | 6:04 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The U.K. PPI Input for June fell by 0.8% MoM, which is significantly lower than expected. This could indicate lower input costs for U.K. producers, potentially impacting the iShares MSCI United Kingdom ETF (EWU).
The significant drop in the U.K. PPI Input suggests lower input costs for producers, which could be beneficial for U.K. companies and, by extension, the iShares MSCI United Kingdom ETF (EWU). This may lead to a positive short-term impact on EWU's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80