U.K. Core Retail Sales (YoY) For September 4.0% Vs. 3.2% Est.; 2.2% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Core Retail Sales for September increased by 4.0% year-over-year, surpassing the estimated 3.2% and the revised prior figure of 2.2%.
October 18, 2024 | 6:03 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see a positive impact due to the better-than-expected U.K. Core Retail Sales for September, which indicates stronger consumer spending.
The U.K. Core Retail Sales data exceeded expectations, suggesting a stronger consumer spending environment in the U.K. This could positively influence the performance of EWU, which tracks U.K. equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80