U.K. Business Investment (QoQ) Preliminary For Q2 -0.1% Vs. 0.4% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Business Investment for Q2 showed a preliminary decline of 0.1% compared to the estimated 0.4% growth and the previous quarter's 0.5% growth.
August 15, 2024 | 6:23 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience short-term pressure due to the unexpected decline in U.K. Business Investment for Q2.
The decline in U.K. Business Investment is a negative indicator for the U.K. economy, which could lead to a short-term decrease in the value of EWU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80