USA S&P Global US Manufacturing PMI For September 49.8 Vs 48.9 Est.; 47.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA S&P Global US Manufacturing PMI for September was reported at 49.8, higher than the estimated 48.9 and the prior figure of 47.9.
October 02, 2023 | 1:45 pm
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POSITIVE IMPACT
The S&P Global US Manufacturing PMI for September, which exceeded estimates, may have a positive impact on SPY, an ETF that tracks the S&P 500 index.
The S&P Global US Manufacturing PMI is a key indicator of economic health. A higher than expected figure suggests a stronger manufacturing sector, which could lead to increased investor confidence and a potential rise in the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80