ISM Non-Manufacturing Employment For September 53.4 Vs 54.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The ISM Non-Manufacturing Employment index for September has been reported at 53.4, a decrease from the prior month's 54.7.
October 04, 2023 | 2:00 pm
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NEGATIVE IMPACT
The decrease in the ISM Non-Manufacturing Employment index may have a negative impact on the SPY ETF, as it indicates a slowdown in employment growth in the non-manufacturing sector.
The ISM Non-Manufacturing Employment index is a leading indicator of economic health. A decrease in the index suggests a slowdown in employment growth in the non-manufacturing sector, which could negatively impact the overall market and, by extension, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75