USA Manufacturing PMI For June 46.3 Vs 48.5 Est.; 48.4 Prior
Portfolio Pulse from Benzinga Newsdesk
USA Manufacturing PMI for June came in at 46.3, lower than the estimated 48.5 and the prior month's 48.4.
June 23, 2023 | 1:49 pm
News sentiment analysis
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NEGATIVE IMPACT
The lower-than-expected USA Manufacturing PMI for June may negatively impact the SPY ETF in the short term.
The lower-than-expected Manufacturing PMI indicates a slower recovery in the manufacturing sector, which may lead to a negative sentiment among investors and impact the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75