U.K. Services Purchasing Managers Index For September 49.3 Vs. 47.2 Est.; 49.5 Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Services Purchasing Managers Index (PMI) for September was reported at 49.3, slightly below the prior month's 49.5 and above the estimated 47.2.
October 04, 2023 | 8:32 am
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NEUTRAL IMPACT
The U.K. Services PMI for September, which came in above estimates but slightly below the prior month, may impact the iShares MSCI United Kingdom ETF (EWU).
The U.K. Services PMI is a key indicator of economic health. While the September figure beat estimates, it was slightly lower than the prior month. This mixed result could have a neutral impact on EWU, which tracks the performance of the U.K. equity market.
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