France Services Purchasing Managers Index Preliminary For June 48.8 Vs. 50.0 Est.; 49.3 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Services Purchasing Managers Index (PMI) for June came in at 48.8, below the estimated 50.0 and the prior 49.3. This indicates a contraction in the services sector.
June 21, 2024 | 7:44 am
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The France Services PMI for June fell to 48.8, 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 France's services sector, which could lead to a negative sentiment towards French equities, impacting the iShares MSCI France ETF (EWQ).
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