Eurozone Manufacturing Purchasing Managers Index Preliminary For June 45.6 Vs. 48.0 Est.; 47.3 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Manufacturing Purchasing Managers Index (PMI) for June came in at 45.6, significantly below the estimated 48.0 and the prior month's 47.3. This indicates a contraction in the manufacturing sector.
June 21, 2024 | 8:04 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Eurozone Manufacturing PMI for June fell to 45.6, below expectations and the previous month, indicating a contraction in the manufacturing sector. This could negatively impact the Vanguard FTSE Europe ETF (VGK), which is exposed to European markets.
The significant drop in the Eurozone Manufacturing PMI suggests a contraction in the manufacturing sector, which could negatively impact European markets. As VGK is an ETF that tracks European stocks, it is likely to be affected by this negative economic indicator.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80