U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change For August 0.2% Vs. 0.3% Est.; 0.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s GDP for the three months ending in August grew by 0.2%, slightly below the estimated 0.3% and the revised prior figure of 0.3%.
October 11, 2024 | 6:02 am
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NEGATIVE IMPACT
The U.K.'s GDP growth for the three months ending in August was 0.2%, below the expected 0.3%. This may impact the iShares MSCI United Kingdom ETF (EWU), which tracks U.K. equities.
The U.K.'s GDP growth was below expectations, which could negatively impact investor sentiment towards U.K. equities. EWU, an ETF tracking U.K. stocks, may see a short-term decline as a result.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80