Eurozone Services Purchasing Managers Index For September 51.4 Vs. 50.5 Est.; 52.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Services Purchasing Managers Index (PMI) for September was reported at 51.4, higher than the estimated 50.5 but lower than the previous month's 52.9. This indicates a slower expansion in the services sector compared to August.
October 03, 2024 | 8:06 am
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The Eurozone Services PMI for September was 51.4, above estimates but below the previous month, indicating slower growth. This could impact VGK, which is exposed to European markets.
VGK, an ETF with exposure to European markets, may see neutral short-term impact as the Eurozone Services PMI was above estimates but showed slower growth compared to August. The mixed signals suggest a balanced outlook.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50