USA Wholesale Inventories (MoM) For July -0.2% Vs -0.1% Est.; -0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Wholesale Inventories for July decreased by 0.2%, which is more than the estimated decrease of 0.1% and also more than the prior decrease of 0.5%.
September 08, 2023 | 2:00 pm
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NEGATIVE IMPACT
The decrease in USA Wholesale Inventories for July, which is more than estimated, could potentially impact the overall market, including SPY.
Wholesale inventories are an important economic indicator as they reflect the health of the wholesale sector. A decrease more than estimated suggests a potential slowdown in the economy, which could negatively impact the overall market, including SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75