ISM Non-Manufacturing PMI For September 53.6 Vs 53.6 Est.; 54.5 Prior
Portfolio Pulse from Benzinga Newsdesk
The ISM Non-Manufacturing PMI for September was reported at 53.6, which is in line with estimates but lower than the prior month's figure of 54.5.
October 04, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The ISM Non-Manufacturing PMI, a key economic indicator, came in as expected for September but lower than the previous month. This could potentially impact the overall market, including SPY.
The ISM Non-Manufacturing PMI is a key economic indicator that can influence the overall market sentiment. While the September figure came in as expected, it was lower than the previous month, which could potentially lead to some market uncertainty. As SPY is a broad market ETF, it could be impacted by this news.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75