Export Price Index (MoM) (Jun) (0.9)% vs (0.2)% Est.
Portfolio Pulse from Benzinga Newsdesk
The Export Price Index for June has increased by 0.9%, which is higher than the estimated 0.2%.
July 14, 2023 | 12:30 pm
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POSITIVE IMPACT
The higher than expected Export Price Index could potentially impact the SPY ETF, as it reflects the overall performance of the US economy.
The Export Price Index is a measure of the prices of goods exported from the US. A higher than expected index indicates a stronger economy, which could potentially lead to an increase in the value of the SPY ETF, as it tracks the performance of the S&P 500, a broad measure of the US stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75