USA ISM Manufacturing Prices For September 43.8 Vs 48.6 Est. 48.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA ISM Manufacturing Prices for September came in at 43.8, lower than the estimated 48.6 and the prior figure of 48.4.
October 02, 2023 | 2:00 pm
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NEGATIVE IMPACT
The lower than expected USA ISM Manufacturing Prices could potentially impact the SPY ETF, as it reflects the overall US market.
The ISM Manufacturing Prices Index is a leading indicator of economic health. A lower than expected figure suggests a slowdown in the manufacturing sector, which could negatively impact the overall market and thus the SPY ETF, which tracks the S&P 500.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80