USA Wholesale Inventories (MoM) For May 0.0% Vs -0.1% Est.; -0.1% Prior
Portfolio Pulse from Happy Mohamed
USA Wholesale Inventories for May remained unchanged at 0.0%, beating the estimated -0.1% and matching the prior figure of -0.1%.
July 10, 2023 | 2:00 pm
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NEUTRAL IMPACT
The unchanged Wholesale Inventories could indicate a stable economic environment, which may have a neutral impact on SPY.
Wholesale inventories are an economic indicator that can influence the stock market. In this case, the unchanged figure suggests a stable economic environment, which may not significantly impact the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50