U.K. Manufacturing Purchasing Managers Index (July) 45.3 Vs. 45 Est.; 46.5 Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Manufacturing Purchasing Managers Index (PMI) for July is reported at 45.3, lower than the estimated 45 and the prior figure of 46.5.
August 01, 2023 | 8:50 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The lower than expected U.K. Manufacturing PMI could negatively impact the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. market.
The U.K. Manufacturing PMI is a key indicator of economic health. A lower than expected figure suggests a slowdown in the manufacturing sector, which could negatively impact the overall U.K. market and, by extension, the performance of the EWU ETF that tracks this market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80