U.K. Gross Domestic Product (QoQ) Preliminary For Q2 0.6% Vs. 0.6% Est.; 0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Gross Domestic Product (GDP) for Q2 grew by 0.6% quarter-over-quarter, matching the estimated growth rate but slightly lower than the previous quarter's growth of 0.7%.
August 15, 2024 | 6:24 am
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POSITIVE IMPACT
The U.K. GDP growth rate for Q2 was 0.6%, matching estimates but slightly lower than the previous quarter's 0.7%. This could have a neutral to slightly positive impact on the iShares MSCI United Kingdom ETF (EWU) as it aligns with market expectations.
The GDP growth rate meeting expectations suggests stability in the U.K. economy, which could be seen as a positive sign for investors in the iShares MSCI United Kingdom ETF (EWU). However, the slight decrease from the previous quarter's growth may temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80