USA Business Inventories (MoM) For April 0.2% Vs 0.2% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Business Inventories for April increased by 0.2%, in line with the 0.2% estimate and higher than the -0.2% reported in the previous month.
June 15, 2023 | 2:01 pm
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NEUTRAL IMPACT
USA Business Inventories for April increased by 0.2%, which may have a neutral impact on the SPY ETF as it met expectations.
The USA Business Inventories for April increased by 0.2%, which is in line with the estimate. This indicates that the economy is performing as expected, and there is no significant surprise that would cause a major impact on the SPY ETF. Therefore, the impact on the SPY ETF is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50