Eurozone Manufacturing Purchasing Managers Index Preliminary For December 44.2 Vs. 44.6 Est.; 44.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Manufacturing Purchasing Managers Index (PMI) for December remained unchanged at 44.2, which is in line with the previous month's figure but below the estimated 44.6.
December 15, 2023 | 9:00 am
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NEGATIVE IMPACT
VGK, an ETF that tracks European equities, may be impacted by the Eurozone Manufacturing PMI, which remained unchanged and below estimates.
The PMI is a key economic indicator, and a lower-than-expected reading can signal a slowdown in the manufacturing sector, potentially leading to negative investor sentiment towards European equities, including those within VGK.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70