France Services Purchasing Managers Index For August 46 Vs. 46.7 Est.; 47.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Services Purchasing Managers Index (PMI) for August has been reported at 46, lower than the estimated 46.7 and the prior figure of 47.1.
September 05, 2023 | 7:57 am
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The lower than expected PMI could negatively impact the iShares MSCI France ETF (EWQ) as it indicates a slowdown in the French service sector.
The Purchasing Managers Index (PMI) is a key indicator of economic health. A lower than expected PMI suggests a slowdown in the service sector, which could negatively impact the performance of the iShares MSCI France ETF (EWQ), as it is a fund that aims to track the investment results of an index composed of French equities.
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