France Services Purchasing Managers Index Preliminary For May 49.4 Vs. 51.8 Est.; 51.3 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Services Purchasing Managers Index (PMI) for May came in at 49.4, below the estimated 51.8 and the prior 51.3, indicating a contraction in the services sector.
May 23, 2024 | 7:19 am
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The France Services PMI for May fell to 49.4, below expectations and the previous month's figure, indicating a contraction in the services sector. This could negatively impact the iShares MSCI France ETF (EWQ).
The lower-than-expected PMI indicates a contraction in the French services sector, which could negatively affect the performance of the iShares MSCI France ETF (EWQ) as it reflects the economic health of the country.
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