France Manufacturing Purchasing Managers Index For October 42.8 Vs. 42.6 Est.; 44.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Manufacturing Purchasing Managers Index (PMI) for October is reported at 42.8, slightly above the estimated 42.6 but lower than the prior figure of 44.2.
November 02, 2023 | 8:51 am
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NEGATIVE IMPACT
The France Manufacturing PMI for October, which is lower than the previous figure, may negatively impact the iShares MSCI France ETF (EWQ).
The Manufacturing PMI is a significant economic indicator that reflects the health of the manufacturing sector. A lower PMI than the previous figure suggests a contraction in the sector, which could negatively impact the performance of the iShares MSCI France ETF (EWQ) that tracks the French market.
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