Reported Earlier, Australia Producer Price Index (YoY) For Q3 3.9% Vs. 4.8% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Producer Price Index (PPI) for Q3 has decreased to 3.9% year-over-year, down from 4.8% in the previous quarter. This indicates a slowdown in producer price inflation in Australia.
November 01, 2024 | 4:54 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) may be impacted by the decrease in Australia's Producer Price Index, as it reflects a slowdown in producer price inflation, which could influence the broader Australian economy and market sentiment.
The decrease in PPI suggests a slowdown in inflationary pressures, which could affect the economic outlook and market sentiment in Australia. As EWA tracks the Australian market, this news is relevant but not critical, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50