France Consumer Spending (MoM) For June -0.5% Vs. -0.2% Est.; 0.8% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
France's consumer spending for June decreased by 0.5% month-over-month, which is worse than the estimated decline of 0.2% and a significant drop from the revised 0.8% increase in the prior month.
July 30, 2024 | 5:32 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares MSCI France ETF (EWQ) may experience short-term pressure due to the worse-than-expected decline in France's consumer spending for June.
The decline in consumer spending is a negative indicator for the French economy, which could lead to a decrease in investor confidence in French equities, impacting EWQ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80