Export Price Index MoM For July 0.7% Vs 0.2% Est.; Prior Revised To -0.7%
Portfolio Pulse from Benzinga Newsdesk
The Export Price Index for July has increased by 0.7%, which is higher than the estimated 0.2% and a significant improvement from the previous month's -0.9%.
August 15, 2023 | 12:31 pm
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POSITIVE IMPACT
The higher than expected Export Price Index could potentially boost the overall market, which may positively impact SPY.
The Export Price Index is a key economic indicator that can influence market sentiment. A higher than expected index suggests a stronger export sector, which could boost the overall market and, by extension, ETFs like SPY that track the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75