Eurozone Manufacturing Purchasing Managers Index (Preliminary) For August 43.7 Vs. 42.6 Est.; 42.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary Eurozone Manufacturing Purchasing Managers Index (PMI) for August is reported at 43.7, which is higher than the estimated 42.6 and the prior value of 42.7.
August 23, 2023 | 8:02 am
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POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be positively impacted as the Eurozone Manufacturing PMI for August exceeds expectations.
The Eurozone Manufacturing PMI is a key indicator of economic health. The higher than expected PMI suggests a stronger manufacturing sector, which could lead to increased investor confidence in European markets and thus potentially boost VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80