USA Consumer Credit For August -15.63B Vs 11.70B Est; 10.99B Prior
Portfolio Pulse from Benzinga Newsdesk
USA Consumer Credit for August has significantly decreased to -15.63B, compared to the estimated 11.70B and the prior figure of 10.99B.
October 06, 2023 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The significant decrease in USA Consumer Credit for August may negatively impact the overall market, potentially affecting the SPY ETF.
Consumer credit is a key economic indicator that reflects consumer spending and borrowing trends. A significant decrease suggests a potential slowdown in consumer spending, which could negatively impact the overall market and, by extension, the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75