Eurozone Services Purchasing Managers Index Preliminary For September 48.4 Vs. 47.7 Est.; 47.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Services Purchasing Managers Index (PMI) for September was reported at 48.4, slightly higher than the estimated 47.7 and the prior figure of 47.9.
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 Services PMI for September.
The Eurozone Services PMI, which is an indicator of the economic health of the services sector, outperformed estimates. This could lead to increased confidence in the European economy, potentially leading to a positive impact on VGK, which tracks European stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80