Germany Gross Domestic Product (YoY) Preliminary For Q2 -0.1% Vs. 0.0% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Gross Domestic Product (GDP) for Q2 showed a preliminary year-over-year decline of 0.1%, missing the estimated 0.0% and improving slightly from the prior -0.2%.
July 30, 2024 | 8:01 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may experience short-term volatility due to Germany's Q2 GDP decline of 0.1%, which missed estimates.
The negative GDP growth indicates economic contraction, which could negatively impact investor sentiment towards German equities, including those in the EWG ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100