HCOB France Manufacturing Purchasing Managers Index For July 44.0 Vs. 44.1 Est.; 45.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The HCOB France Manufacturing Purchasing Managers Index (PMI) for July came in at 44.0, below the estimated 44.1 and the prior 45.4, indicating a contraction in the manufacturing sector.
August 01, 2024 | 7:53 am
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The HCOB France Manufacturing PMI for July fell to 44.0, below estimates and previous figures, indicating a contraction in the manufacturing sector. This could negatively impact the iShares MSCI France ETF (EWQ).
The lower-than-expected PMI indicates a contraction in France's manufacturing sector, which could negatively impact the performance of the iShares MSCI France ETF (EWQ) as it reflects the economic health of the country.
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