France Services Purchasing Managers Index For August 55.0 Vs. 55.0 Est.; 50.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The France Services Purchasing Managers Index (PMI) for August remained steady at 55.0, matching estimates and showing an increase from the prior month's 50.1. This indicates an expansion in the French services sector.
September 04, 2024 | 8:01 am
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POSITIVE IMPACT
The France Services PMI for August at 55.0, matching estimates and up from 50.1, suggests positive growth in the French services sector, potentially benefiting EWQ, an ETF focused on French equities.
The steady and improved PMI suggests growth in the French services sector, which could positively impact EWQ, an ETF that includes French equities. A higher PMI indicates expansion, which is generally favorable for economic growth and investor sentiment.
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