U.K. Construction Purchasing Managers Index For September 45 Vs. 49.9 Est.; 50.8 Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Construction Purchasing Managers Index (PMI) for September was reported at 45, lower than the estimated 49.9 and the prior figure of 50.8.
October 05, 2023 | 8:33 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The lower than expected U.K. Construction PMI may negatively impact the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. market.
The U.K. Construction PMI is a key indicator of the health of the U.K. construction sector. A lower than expected figure suggests a slowdown in the sector, which could negatively impact the overall U.K. market and, by extension, the performance of the EWU ETF, which tracks this market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80