CB Consumer Confidence For July 117 VS 111.8 Est.; 110.1 Prior
Portfolio Pulse from Happy Mohamed
The CB Consumer Confidence for July has been reported at 117, surpassing the estimated 111.8 and the prior figure of 110.1.
July 25, 2023 | 2:00 pm
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POSITIVE IMPACT
The higher than expected CB Consumer Confidence for July may positively impact the SPY ETF, as it indicates increased consumer spending which can boost the overall economy.
Consumer confidence is a key economic indicator. A higher than expected figure suggests consumers are more optimistic about the economy's health, which often translates into increased consumer spending. This can boost the overall economy and, in turn, positively impact the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75