Eurozone Services Purchasing Managers Index Preliminary For July 51.9 Vs. 52.9 Est.; 52.8 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Services Purchasing Managers Index (PMI) for July came in at 51.9, below the estimated 52.9 and the prior 52.8. This indicates a slower expansion in the services sector than expected.
July 24, 2024 | 8:02 am
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The Eurozone Services PMI for July fell to 51.9, missing estimates and the previous month's figure. This slower expansion in the services sector could negatively impact the Vanguard FTSE Europe ETF (VGK), which is exposed to European markets.
The lower-than-expected PMI suggests a slower expansion in the Eurozone services sector, which could negatively affect the performance of VGK, an ETF with significant exposure to European markets.
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