Germany Producer Price Index (MoM) For August 0.2% Vs. 0.0% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Producer Price Index (PPI) for August increased by 0.2% month-over-month, surpassing the estimated 0.0% and matching the prior month's increase. This data may influence the performance of the iShares MSCI Germany ETF (EWG), which tracks the German market.
September 20, 2024 | 6:05 am
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The iShares MSCI Germany ETF (EWG) may experience a positive impact due to Germany's PPI for August rising by 0.2%, surpassing expectations. This indicates potential economic strength in Germany.
The increase in Germany's PPI suggests stronger-than-expected economic activity, which could positively influence the performance of EWG as it reflects the German market. Investors may view this as a sign of economic resilience.
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