U.K. Industrial Production (MoM) For June 0.8% Vs. 0.1% Est.; 0.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. Industrial Production for June increased by 0.8% month-over-month, significantly surpassing the estimated 0.1% and the revised prior figure of 0.3%.
August 15, 2024 | 6:24 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) is likely to see a positive impact due to the significant increase in U.K. Industrial Production for June, which came in at 0.8% MoM, well above the estimated 0.1% and the revised prior figure of 0.3%.
The better-than-expected industrial production figures suggest stronger economic activity in the U.K., which could positively influence the performance of the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80