U.K. Retail Sales (YoY) For September 3.9% Vs. 3.2% Est.; 2.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. retail sales for September increased by 3.9% year-over-year, surpassing the estimated 3.2% and the revised prior figure of 2.3%.
October 18, 2024 | 6:04 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see a positive impact as U.K. retail sales for September exceeded expectations, indicating stronger economic activity.
The better-than-expected retail sales data suggests stronger consumer spending in the U.K., which could positively influence the performance of the iShares MSCI United Kingdom ETF (EWU) as it reflects the economic health of the region.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80