France Consumer Spending (MoM) For September 0.1% Vs. 0.1% Est.; 0.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
France's consumer spending for September increased by 0.1%, matching estimates but showing a decline from the revised 0.4% in the previous month.
October 30, 2024 | 6:32 am
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NEUTRAL IMPACT
The iShares MSCI France ETF (EWQ) may experience a neutral impact as France's consumer spending for September met expectations with a 0.1% increase, though it is a decline from the previous month's revised 0.4%.
The ETF is directly linked to the French economy, and consumer spending is a key economic indicator. The data met expectations, suggesting stability, but the decline from the previous month may limit positive momentum.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 70