ISM Manufacturing Prices For July 42.6 Vs 42.8 Est; 41.8 Prior
Portfolio Pulse from Happy Mohamed
The ISM Manufacturing Prices for July came in at 42.6, slightly below the estimated 42.8 and above the prior figure of 41.8.
August 04, 2023 | 8:38 am
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NEUTRAL IMPACT
The ISM Manufacturing Prices, a key economic indicator, came in slightly below estimates but above the prior month. This mixed data may have a neutral impact on SPY.
The ISM Manufacturing Prices is a key economic indicator that can influence market sentiment. While the figure came in slightly below estimates, it was higher than the prior month, indicating some growth in manufacturing prices. This mixed data may lead to a neutral impact on SPY, an ETF that tracks the S&P 500 and is influenced by broad market trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50