HCOB Germany Manufacturing Purchasing Managers Index Preliminary For July 42.6 Vs. 44.1 Est.; 43.5 Prior
Portfolio Pulse from Benzinga Newsdesk
The HCOB Germany Manufacturing Purchasing Managers Index (PMI) for July came in at 42.6, below the estimated 44.1 and the prior 43.5. This indicates a further contraction in Germany's manufacturing sector.
July 24, 2024 | 7:38 am
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The HCOB Germany Manufacturing PMI for July fell to 42.6, below expectations and previous figures, indicating a further contraction in Germany's manufacturing sector. This could negatively impact the iShares MSCI Germany ETF (EWG).
The lower-than-expected PMI indicates a worsening contraction in Germany's manufacturing sector, which could negatively impact the performance of the iShares MSCI Germany ETF (EWG) as it is heavily exposed to the German market.
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