USA Import Price Index (MoM) For June -0.2% Vs -0.1% Est. -0.4% Prior
Portfolio Pulse from Happy Mohamed
The USA Import Price Index for June has decreased by 0.2%, which is more than the estimated decrease of 0.1%, and less than the prior decrease of 0.6%.
July 14, 2023 | 12:30 pm
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NEGATIVE IMPACT
The decrease in the Import Price Index could potentially impact the SPY ETF, as it reflects the performance of the US economy.
The Import Price Index is a measure of the prices of goods imported into the US. A decrease in this index indicates that import prices are falling, which could potentially lead to a decrease in inflation. This could impact the performance of the SPY ETF, which tracks the S&P 500 and is a reflection of the overall US economy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75