Dallas Fed Mfg Business Index For August -17.2 Vs -21.6 Est.; -20.0 Prior
Portfolio Pulse from Happy Mohamed
The Dallas Fed Manufacturing Business Index for August is reported at -17.2, which is better than the estimated -21.6 and the prior figure of -20.0.
August 28, 2023 | 2:30 pm
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POSITIVE IMPACT
The Dallas Fed Manufacturing Business Index, which is better than expected, may have a positive impact on the SPY ETF, as it indicates an improvement in the manufacturing sector.
The Dallas Fed Manufacturing Business Index is a key indicator of the health of the manufacturing sector. A better than expected figure suggests an improvement in the sector, which can have a positive impact on the broader market, and therefore on the SPY ETF, which tracks the S&P 500.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50