HCOB Eurozone Composite Purchasing Managers Index For September 47.2 Vs. 47.1 Est.; 46.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The HCOB Eurozone Composite Purchasing Managers Index for September was reported at 47.2, slightly above the estimated 47.1 and higher than the prior figure of 46.7.
October 04, 2023 | 8:00 am
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POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the higher than expected HCOB Eurozone Composite PMI for September.
The HCOB Eurozone Composite PMI, which measures the health of the manufacturing sector, came in higher than expected. This could signal a potential improvement in the Eurozone economy, which could positively impact European stocks and ETFs like VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80