France Manufacturing Purchasing Managers Index For September 44.2 Vs. 43.6 Est.; 46 Prior
Portfolio Pulse from Benzinga Newsdesk
France's Manufacturing Purchasing Managers Index (PMI) for September was reported at 44.2, lower than the previous month's 46 and below the estimated 43.6.
October 02, 2023 | 7:50 am
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NEGATIVE IMPACT
The lower than expected PMI in France could negatively impact the iShares MSCI France ETF (EWQ) in the short term.
The PMI is a key indicator of economic health. A lower than expected PMI suggests a slowdown in the manufacturing sector, which could negatively impact the overall economy and, consequently, the performance of the EWQ ETF, which tracks the French market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100