France Services Purchasing Managers Index Preliminary For August 55.0 Vs. 50.2 Est.; 50.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Services Purchasing Managers Index (PMI) for August came in at 55.0, significantly higher than the estimated 50.2 and the previous month's 50.1. This indicates a strong expansion in the French services sector.

August 22, 2024 | 7:17 am
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POSITIVE IMPACT
The iShares MSCI France ETF (EWQ) may see a positive impact due to the strong performance of the France Services PMI, which indicates expansion in the French services sector.
The France Services PMI is a key indicator of economic health in the services sector. A reading of 55.0 suggests strong expansion, which is likely to positively impact the iShares MSCI France ETF (EWQ) as it reflects the performance of French equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80