Eurozone Services Purchasing Managers Index Preliminary For October 51.2 Vs. 51.5 Est.; 51.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Services Purchasing Managers Index (PMI) for October came in at 51.2, slightly below the estimated 51.5 and the previous month's 51.4. This indicates a slower expansion in the services sector.
October 24, 2024 | 8:05 am
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The Eurozone Services PMI for October was lower than expected, which may impact the Vanguard FTSE Europe ETF (VGK) as it reflects economic activity in the region.
VGK is an ETF that tracks European markets, and a lower-than-expected PMI suggests slower economic growth in the Eurozone. This could negatively impact VGK's performance as it reflects the economic health of the region.
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