U.K. Manufacturing Purchasing Managers Index For September 44.3 Vs. 44.2 Est.; 43 Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Manufacturing Purchasing Managers Index (PMI) for September was reported at 44.3, slightly above the estimated 44.2 and higher than the previous month's 43.
October 02, 2023 | 8:30 am
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POSITIVE IMPACT
The U.K. Manufacturing PMI for September, which came in slightly above estimates, may have a positive impact on the iShares MSCI United Kingdom ETF (EWU).
The PMI is a key indicator of economic health, reflecting manufacturing sector conditions. A higher than expected PMI is generally supportive for the local currency and therefore positive for EWU, which tracks the investment results of an index composed of U.K. equities.
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