France Consumer Spending (MoM) For July 0.3% Vs. 0.4% Est.; -0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
France's consumer spending for July increased by 0.3%, which is below the estimated 0.4% but an improvement from the revised -0.6% in the prior month.
August 30, 2024 | 6:51 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The iShares MSCI France ETF (EWQ) may experience slight volatility due to France's consumer spending growth of 0.3% in July, which is below expectations but an improvement from the previous month.
The ETF EWQ, which tracks French equities, could be influenced by the consumer spending data. The 0.3% growth, while below expectations, shows an improvement from the previous month, suggesting a mixed impact on investor sentiment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50