Eurozone Manufacturing Purchasing Managers Index For September 43.3 Vs. 43.4 Est.; 43.5 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Manufacturing Purchasing Managers Index (PMI) for September was reported at 43.3, slightly below the estimated 43.4 and the prior figure of 43.5.
October 02, 2023 | 8:00 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the lower than expected Eurozone Manufacturing PMI for September.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the FTSE Developed Europe All Cap Index, which includes companies from developed European countries. A lower than expected PMI indicates a potential slowdown in the manufacturing sector, which could negatively impact the performance of companies within the index and, consequently, the performance of VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80