HCOB Eurozone Composite Purchasing Managers Index Preliminary For September 47.1 Vs. 46.5 Est.; 46.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The HCOB Eurozone Composite Purchasing Managers Index (PMI) for September was reported at 47.1, higher than the estimated 46.5 and the prior figure of 46.7.
September 22, 2023 | 8:04 am
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POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the higher than expected Eurozone PMI, as it reflects the economic health of the region.
The Eurozone PMI is a key indicator of economic health. A higher than expected PMI suggests economic expansion, which could positively impact European stocks and ETFs like VGK that track them.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80