France Services Purchasing Managers Index (PMI) Preliminary For October 46.1 Vs. 44.6 Est.; 44.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary France Services Purchasing Managers Index (PMI) for October is reported at 46.1, higher than the estimated 44.6 and the prior 44.4.
October 24, 2023 | 7:17 am
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POSITIVE IMPACT
The iShares MSCI France ETF (EWQ) may be impacted by the higher than expected France Services PMI for October.
The France Services PMI is an economic indicator of the health of the services sector in France. A higher than expected PMI indicates a stronger services sector, which could positively impact the French economy and, by extension, the performance of the iShares MSCI France ETF (EWQ), which tracks the French market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100