Eurozone Manufacturing Purchasing Managers Index For October 43.1 Vs. 43.0 Est.; 43.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Manufacturing Purchasing Managers Index (PMI) for October is reported at 43.1, slightly above the estimated 43.0 but below the prior figure of 43.4.
November 02, 2023 | 9:04 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) may be impacted by the Eurozone Manufacturing PMI data, as it reflects the health of the manufacturing sector in the region. The slightly lower PMI compared to the prior month indicates a slight contraction in the sector.
The Eurozone Manufacturing PMI is a significant economic indicator that reflects the health of the manufacturing sector in the region. A lower PMI compared to the prior month indicates a contraction in the sector, which could negatively impact companies and ETFs like VGK that are exposed to the European market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80