Richmond Manufacturing Shipments For June -5 Vs -13 Prior
Portfolio Pulse from Happy Mohamed
Richmond manufacturing shipments for June show a decrease of 5 compared to a decrease of 13 in the prior month.
June 27, 2023 | 2:05 pm
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NEUTRAL IMPACT
The decrease in Richmond manufacturing shipments for June may have a minor impact on the broader market, as represented by the SPY ETF.
The decrease in Richmond manufacturing shipments for June is an indicator of the regional manufacturing sector's performance. While it may have a minor impact on the broader market, as represented by the SPY ETF, it is not a major driver of the overall market sentiment.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50