France Services Purchasing Managers Index For October 45.2 Vs. 46.1 Est.; 44.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Services Purchasing Managers Index (PMI) for October was reported at 45.2, lower than the estimated 46.1 and higher than the previous month's 44.4.
November 06, 2023 | 9:16 am
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The lower than expected PMI could negatively impact the iShares MSCI France ETF (EWQ) as it indicates a slower recovery in the French service sector.
The Purchasing Managers Index (PMI) is a key indicator of economic health. A lower than expected PMI suggests a slower recovery in the service sector, which could negatively impact the performance of the iShares MSCI France ETF (EWQ) as it is heavily influenced by the French economy.
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