U.K. Core Retail Sales (MoM) For July 0.7% Vs. 0.8% Est.; -1.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. Core Retail Sales for July increased by 0.7% month-over-month, slightly below the estimated 0.8%, but an improvement from the revised prior figure of -1.3%.
August 16, 2024 | 6:37 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see a slight positive impact due to the better-than-expected improvement in U.K. Core Retail Sales for July.
The improvement in U.K. Core Retail Sales, although slightly below estimates, indicates a positive trend in consumer spending, which could benefit the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80