France Manufacturing Purchasing Managers Index Preliminary For June 45.3 Vs. 46.8 Est.; 46.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Manufacturing Purchasing Managers Index (PMI) for June came in at 45.3, below the estimated 46.8 and the prior 46.4. This indicates a contraction in the manufacturing sector.
June 21, 2024 | 7:44 am
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The France Manufacturing PMI for June fell to 45.3, below expectations and the previous month's figure, indicating a contraction in the manufacturing sector. This could negatively impact the iShares MSCI France ETF (EWQ).
The lower-than-expected PMI indicates a contraction in France's manufacturing sector, which could negatively impact the performance of the iShares MSCI France ETF (EWQ) as it reflects the economic health of the country.
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