Germany Services Purchasing Managers Index For September 50.3 Vs. 49.8 Est.; 47.3 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Services Purchasing Managers Index (PMI) for September was reported at 50.3, beating the estimate of 49.8 and significantly higher than the prior figure of 47.3.
October 04, 2023 | 7:55 am
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POSITIVE IMPACT
The iShares MSCI Germany ETF (EWG) could be positively impacted by the better-than-expected Services PMI data from Germany.
The Services PMI is a key indicator of economic health. The higher-than-expected figure indicates a potential improvement in the German economy, which could lead to a positive impact on the iShares MSCI Germany ETF (EWG) as it tracks the performance of the German stock market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100