Germany Industrial Production (MoM) For July 1.4% Vs. 1.0% Est.; -3.1% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's industrial production for July increased by 1.4% month-over-month, surpassing the estimated 1.0% and recovering from a revised -3.1% in the prior month.
August 07, 2024 | 6:03 am
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POSITIVE IMPACT
Germany's industrial production for July increased by 1.4% MoM, surpassing estimates and recovering from a prior decline. This positive economic data could boost the iShares MSCI Germany ETF (EWG).
The better-than-expected industrial production data indicates a potential economic recovery in Germany, which could positively impact the iShares MSCI Germany ETF (EWG) as it reflects the performance of German equities.
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