S&P Global U.S. Manufacturing PMI For September 48.9 Vs 48.0 Est.; 47.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The S&P Global U.S. Manufacturing PMI for September was reported at 48.9, slightly higher than the estimated 48.0 and the prior figure of 47.9.
September 22, 2023 | 1:54 pm
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The S&P Global U.S. Manufacturing PMI for September was reported at 48.9, slightly higher than the estimated 48.0 and the prior figure of 47.9. This could potentially have a positive impact on SPY.
The S&P Global U.S. Manufacturing PMI is a key indicator of economic health. A higher than expected figure is generally seen as positive for the stock market, and thus for SPY, as it indicates a stronger manufacturing sector.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80