Chicago PMI For September 44.1 Vs 47.6 Est.; 48.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The Chicago PMI for September was reported at 44.1, lower than the estimated 47.6 and the prior month's 48.7.
September 29, 2023 | 1:45 pm
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NEGATIVE IMPACT
The lower than expected Chicago PMI could negatively impact the SPY ETF, as it indicates a potential slowdown in economic activity.
The Chicago PMI is a key economic indicator. A lower than expected figure suggests a potential slowdown in economic activity, which could negatively impact the stock market and, by extension, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75