S&P Global Composite PMI For June 53.2 Vs 53.0 Est.; 54.3 Prior
Portfolio Pulse from Happy Mohamed
The S&P Global Composite PMI for June came in at 53.2, slightly above the estimated 53.0 but lower than the prior figure of 54.3.
July 06, 2023 | 1:45 pm
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NEUTRAL IMPACT
The S&P Global Composite PMI for June, which is slightly above estimates but lower than the previous figure, may have a neutral to slightly negative impact on SPY.
The S&P Global Composite PMI is a key economic indicator that can influence market sentiment. While the figure for June beat estimates, it is lower than the previous figure, which could suggest a slowing of economic growth. This may have a neutral to slightly negative impact on SPY, which tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75