USA Retail Inventories Ex Auto For May -0.1% Vs 0.0% Est.; -0.2% Prior
Portfolio Pulse from Happy Mohamed
USA retail inventories excluding autos for May have decreased by 0.1%, compared to the estimated 0.0% and the prior figure of -0.2%.
July 18, 2023 | 2:01 pm
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NEGATIVE IMPACT
The decrease in retail inventories may indicate a slowdown in consumer spending, which could potentially impact the overall market, represented by SPY.
Retail inventories are a key economic indicator. A decrease in inventories may suggest a slowdown in consumer spending, which could negatively impact the overall market. As SPY is a broad market ETF, it could be affected by these macroeconomic trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75