U.K. Core Retail Sales (YoY) For August 2.3% Vs. 1.1% Est.; 1.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Core Retail Sales for August showed a year-over-year increase of 2.3%, surpassing the estimated 1.1% and the previous month's 1.4%.
September 20, 2024 | 6:04 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see positive movement as U.K. Core Retail Sales for August exceeded expectations, indicating stronger consumer spending.
The better-than-expected U.K. Core Retail Sales suggest stronger consumer spending, which is a positive indicator for the U.K. economy. This could lead to increased investor confidence in U.K.-focused ETFs like EWU.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70