USA Wholesale Inventories (MoM) For April -0.1% Vs -0.2% Est.; 0.0% Prior
Portfolio Pulse from Happy Mohamed
USA Wholesale Inventories for April decreased by 0.1%, compared to the estimated decrease of 0.2% and the prior month's 0.0%.
June 08, 2023 | 2:03 pm
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NEUTRAL IMPACT
USA Wholesale Inventories for April decreased by 0.1%, which is better than the estimated decrease of 0.2% and the prior month's 0.0%.
The decrease in wholesale inventories is better than expected, which could indicate a healthier economy. However, the impact on the SPY ETF is likely to be neutral as the change is relatively small and other factors may have a more significant influence on the overall market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50