HCOB Eurozone Composite Purchasing Managers Index Preliminary For June 50.8 Vs. 52.5 Est.; 52.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The HCOB Eurozone Composite Purchasing Managers Index (PMI) for June came in at 50.8, below the estimated 52.5 and the prior 52.2. This indicates a slowdown in economic activity within the Eurozone.
June 21, 2024 | 8:04 am
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The HCOB Eurozone Composite PMI for June fell to 50.8, below estimates and the previous month's figure, indicating a slowdown in Eurozone economic activity. This could negatively impact the Vanguard FTSE Europe ETF (VGK), which is heavily exposed to European markets.
The lower-than-expected PMI suggests a slowdown in economic activity in the Eurozone, which could negatively affect the performance of the Vanguard FTSE Europe ETF (VGK) due to its exposure to European markets.
CONFIDENCE 90
IMPORTANCE 70
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