Germany Industrial Production (MoM) For July -2.4% Vs. -0.4% Est.; 1.7% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's industrial production for July fell by 2.4% month-over-month, significantly worse than the estimated decline of 0.4% and down from a revised 1.7% increase in the prior month.
September 06, 2024 | 6:03 am
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NEGATIVE IMPACT
EWG, an ETF with exposure to the German economy, may be negatively impacted by the larger-than-expected decline in Germany's industrial production for July.
EWG is an ETF that tracks the performance of the German stock market. A significant decline in Germany's industrial production suggests potential economic slowdown, which could negatively affect the performance of German companies included in EWG.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80