Germany Services Purchasing Managers Index For September 50.6 Vs. 50.6 Est.; 51.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The Germany Services Purchasing Managers Index (PMI) for September remained unchanged at 50.6, meeting expectations but slightly down from the previous month's 51.2. This indicates a stable but slightly slowing growth in the German services sector.
October 03, 2024 | 7:56 am
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The Germany Services PMI for September remained at 50.6, meeting expectations but slightly down from 51.2 in August. This suggests stable but slowing growth in Germany's services sector, which could impact the EWG ETF that tracks German equities.
The EWG ETF, which tracks German equities, may see a neutral impact as the Services PMI met expectations, indicating stability. However, the slight decline from the previous month suggests a slowing growth, which could be a concern for investors.
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