USA Import Price Index (YoY) -6.1% Vs -3.6% Est.; -5.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Import Price Index has reported a year-on-year decrease of 6.1%, which is significantly lower than the estimated decrease of 3.6% and the prior decrease of 5.9%.
July 14, 2023 | 12:31 pm
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NEGATIVE IMPACT
The lower than expected 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 cost of goods imported into the US. A lower than expected index indicates that import prices are falling more than anticipated, which could be a sign of a weakening economy. This could potentially impact the SPY ETF, which tracks the performance of the S&P 500 and is often used as a barometer for the overall US economy.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75