Eurozone Services Purchasing Managers Index For September 48.7 Vs. 48.4 Est.; 47.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Services Purchasing Managers Index (PMI) for September was reported at 48.7, slightly above the estimated 48.4 and higher than the previous month's 47.9.
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 Eurozone Services PMI for September.
The Eurozone Services PMI is a key indicator of economic health in the region. A higher than expected PMI suggests increased economic activity, which could positively impact European stocks and ETFs like VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80