ISM Manufacturing Employment (Aug) 48.5 vs 44.2 Est.
Portfolio Pulse from Bill Haddad
The ISM Manufacturing Employment index for August has been reported at 48.5, which is higher than the estimated 44.2.
September 01, 2023 | 2:01 pm
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POSITIVE IMPACT
The ISM Manufacturing Employment index, which is higher than expected, may have a positive impact on the SPY ETF as it indicates a stronger manufacturing sector.
The ISM Manufacturing Employment index is a leading indicator of economic health. A higher than expected reading is generally seen as positive for the economy, which can lead to a rise in the SPY ETF that tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75