U.K. Nationwide HPI (YoY) For August 2.4% Vs. 2.9% Est.; 2.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index (HPI) for August showed a year-over-year increase of 2.4%, which is below the estimated 2.9% and slightly above the prior 2.1%.
August 30, 2024 | 6:20 am
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The U.K. Nationwide HPI for August increased by 2.4% YoY, below the expected 2.9%, which may impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the economic conditions in the U.K.
The U.K. Nationwide HPI is an indicator of the housing market's health, which can influence economic sentiment. The lower-than-expected growth may have a neutral to slightly negative impact on EWU, as it reflects broader economic conditions in the U.K.
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