U.K. Industrial Production (MoM) For August 0.5% Vs. 0.2% Est.; -0.7% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Industrial Production for August increased by 0.5%, surpassing the estimated 0.2% and improving from the revised prior figure of -0.7%.
October 11, 2024 | 6:01 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see a positive impact as U.K. Industrial Production for August increased by 0.5%, exceeding expectations and showing improvement from the previous month.
The better-than-expected industrial production figures suggest a stronger U.K. economy, which could positively influence the performance of EWU, an ETF that tracks U.K. equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80