U.K. Gross Domestic Product (YoY) Preliminary For Q2 0.9% Vs. 0.9% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Gross Domestic Product (GDP) for Q2 has been reported at 0.9% year-over-year, matching the estimated 0.9% and showing an increase from the prior 0.3%.
August 15, 2024 | 6:23 am
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POSITIVE IMPACT
The U.K. GDP for Q2 has been reported at 0.9% YoY, matching estimates and showing an increase from the prior 0.3%. This could positively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects economic growth.
The reported GDP growth aligns with expectations and shows an improvement from the previous quarter, which is likely to be viewed positively by investors in the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80