USA Wholesale Inventories (MoM) For June -0.5% Vs -0.3% Est.; -0.3% Prior
Portfolio Pulse from Happy Mohamed
USA Wholesale Inventories for June decreased by 0.5%, which is lower than the estimated -0.3% and the prior -0.3%.
August 08, 2023 | 2:00 pm
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NEGATIVE IMPACT
The lower than expected Wholesale Inventories could potentially impact the overall market, represented by SPY.
Wholesale inventories are an important economic indicator as they reflect the health of the wholesale sector. A lower than expected figure suggests a potential slowdown in the economy, which could negatively impact the overall market, represented by SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75