Citi statistics: The aerospace and defense industry is the most affected sector in Europe by the Middle East situation.

Golden Ten Data reported on March 4 that David Groman, an equity strategist at Citigroup, stated that in the European market, the aerospace and defense industry has the largest share of sales in the Middle East region, accounting for slightly less than 7% of total sales. Luxury goods and chemicals rank second and third, each accounting for more than 6% of total sales. Real estate, utilities, metals and mining, and the IT industry are the least affected, generating less than 1% of their total revenue from this region.