U.K. Gross Domestic Product (MoM) For June 0.0% Vs. 0.0% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Gross Domestic Product (GDP) for June remained flat at 0.0%, matching the estimated value but showing a decline from the previous month's 0.4% growth.
August 15, 2024 | 6:23 am
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NEGATIVE IMPACT
The U.K. GDP for June remained flat at 0.0%, matching estimates but down from the previous month's 0.4% growth. This could indicate a potential slowdown in economic activity, which may impact the iShares MSCI United Kingdom ETF (EWU).
The flat GDP growth for June, compared to the previous month's 0.4% growth, suggests a potential slowdown in the U.K. economy. This could negatively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the performance of U.K. equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80