U.K. Retail Sales (MoM) For June -1.2% Vs. -0.6% Est.; 2.9% Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. retail sales for June decreased by 1.2% month-over-month, significantly missing the estimated decline of 0.6% and down from the 2.9% increase in the prior month.
July 19, 2024 | 6:03 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) is likely to be impacted negatively in the short term due to the significant decline in U.K. retail sales for June, which missed estimates and showed a sharp drop from the previous month.
The significant decline in U.K. retail sales for June, which missed estimates and showed a sharp drop from the previous month, is likely to negatively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects a weakening consumer sector in the U.K.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80