France Manufacturing Purchasing Managers Index (Preliminary) For August 46.4 Vs. 45 Est.; 45.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary France Manufacturing Purchasing Managers Index (PMI) for August is reported at 46.4, higher than the estimated 45 and the prior value of 45.1.
August 23, 2023 | 7:15 am
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POSITIVE IMPACT
The iShares MSCI France ETF (EWQ) may be impacted by the higher than expected France Manufacturing PMI for August.
The France Manufacturing PMI is an important economic indicator that can influence the performance of French stocks. As EWQ is an ETF that tracks the investment results of an index composed of French equities, a higher than expected PMI could signal a stronger manufacturing sector and potentially boost investor confidence in French stocks, thus positively impacting EWQ in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80