Eurozone Manufacturing Purchasing Managers Index For August 43.5 Vs. 43.7 Est.; 42.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Manufacturing Purchasing Managers Index (PMI) for August was reported at 43.5, slightly below the estimated 43.7, but higher than the prior figure of 42.7.
September 01, 2023 | 8:00 am
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the Eurozone Manufacturing PMI data, as it tracks the performance of European stocks.
The Eurozone Manufacturing PMI is a key indicator of economic health in the region. While the August figure is below estimates, it is higher than the previous month, indicating a mixed outlook. As VGK tracks the performance of European stocks, this data could influence its price. However, the impact is uncertain due to the mixed nature of the data.
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