France Services Purchasing Managers Index Preliminary For July 50.7 Vs. 49.7 Est.; 49.6 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Services Purchasing Managers Index (PMI) for July came in at 50.7, surpassing the estimated 49.7 and the prior month's 49.6. This indicates an expansion in the services sector.
July 24, 2024 | 7:23 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The France Services PMI for July exceeded expectations, coming in at 50.7 compared to the estimated 49.7 and the prior 49.6. This suggests an expansion in the French services sector, which could positively impact the iShares MSCI France ETF (EWQ).
The better-than-expected PMI indicates growth in the French services sector, which is a positive signal for the iShares MSCI France ETF (EWQ) as it reflects the overall economic health and potential for increased revenues in the sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80