U.K. Manufacturing Purchasing Managers Index Preliminary 44.2 Vs. 43 Est.; 43 Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Manufacturing Purchasing Managers Index (PMI) preliminary report shows a figure of 44.2, which is higher than the estimated 43 and the previous figure of 43.
September 22, 2023 | 8:32 am
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The U.K. Manufacturing PMI preliminary report shows a figure of 44.2, which is higher than the estimated 43 and the previous figure of 43. This could potentially impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The U.K. Manufacturing PMI is an important economic indicator that can influence the performance of U.K.-related ETFs like EWU. A higher than expected PMI figure suggests an improvement in the manufacturing sector, which could potentially lead to a positive impact on the U.K. economy and, consequently, on the performance of EWU.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100