Germany Services Purchasing Managers Index Preliminary For June 53.5 Vs. 54.4 Est.; 54.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The Germany Services Purchasing Managers Index (PMI) for June came in at 53.5, below the estimated 54.4 and the prior month's 54.2. This indicates a slower expansion in the services sector than anticipated.
June 21, 2024 | 7:49 am
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The Germany Services PMI for June fell to 53.5, missing estimates and the previous month's figure. This could signal slower growth in Germany's services sector, potentially impacting the iShares MSCI Germany ETF (EWG).
The lower-than-expected PMI suggests a slowdown in the services sector, which could negatively affect the performance of the iShares MSCI Germany ETF (EWG) as it reflects the economic health of Germany.
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