Reported Earlier, Australia Producer Price Index (YoY) For Q2 4.8% Vs. 4.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Producer Price Index (PPI) for Q2 has increased to 4.8% year-over-year, up from 4.3% in the previous quarter. This indicates rising production costs in Australia.
August 02, 2024 | 6:06 am
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The increase in Australia's PPI to 4.8% YoY for Q2 suggests rising production costs, which could impact the profitability of Australian companies. This may affect the iShares MSCI Australia ETF (EWA), which tracks the performance of Australian equities.
Rising production costs indicated by the higher PPI can squeeze profit margins for Australian companies, which may negatively impact the performance of the iShares MSCI Australia ETF (EWA) that tracks these companies.
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