S&P Global Composite PMI For June 53 Vs 54.3 Prior
Portfolio Pulse from Benzinga Newsdesk
S&P Global Composite PMI for June came in at 53, lower than the previous month's 54.3.
June 23, 2023 | 1:48 pm
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NEGATIVE IMPACT
S&P Global Composite PMI for June declined to 53 from 54.3 in May, indicating a potential slowdown in economic growth.
The decline in the S&P Global Composite PMI for June suggests a potential slowdown in economic growth, which could negatively impact the stock market and the SPY ETF in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100