U.S. Wholesale Inventories (MoM) For April -0.1% Vs -0.2% Est.; 0.0% Prior
Portfolio Pulse from Happy Mohamed
U.S. 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 | 2:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
U.S. 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 smaller than expected, which may indicate a healthier economy and could have a positive impact on the SPY ETF in the short term. However, the impact may be limited as it is only one economic indicator among many.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50