USA ISM Manufacturing Prices For August 48.4 Vs 43.9 Est.; 42.6 Prior
Portfolio Pulse from Happy Mohamed
The USA ISM Manufacturing Prices for August have been reported at 48.4, which is higher than the estimated 43.9 and the prior figure of 42.6.
September 01, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted by the higher than expected USA ISM Manufacturing Prices for August.
The SPDR S&P 500 ETF (SPY) tracks a market-cap-weighted index of US large- and midcap stocks selected by the S&P Committee. The higher than expected USA ISM Manufacturing Prices for August indicates a stronger manufacturing sector, which could lead to increased investor confidence and potentially a positive impact on SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75