USA Manufacturing PMI For June 46.3 Vs 46.3 Est.; 48.4 Prior
Portfolio Pulse from Happy Mohamed
The USA Manufacturing PMI for June was reported at 46.3, which is in line with the estimates but lower than the prior figure of 48.4.
July 03, 2023 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted by the lower PMI figure, as it reflects a contraction in the manufacturing sector, which could affect overall market sentiment.
The PMI is a key indicator of economic health, reflecting manufacturing sector conditions. A lower PMI indicates a contraction in the manufacturing sector, which could negatively impact market sentiment and thus potentially affect the price of SPY, an ETF that tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75