USA Export Price Index (MoM) For September 0.7% Vs 0.5% Est.; 1.1% Prior
Portfolio Pulse from Happy Mohamed
The USA Export Price Index for September has been reported at 0.7%, which is higher than the estimated 0.5% but lower than the prior figure of 1.1%.
October 13, 2023 | 12:30 pm
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NEUTRAL IMPACT
The USA Export Price Index, which exceeded estimates but was lower than the previous figure, may influence the SPY ETF.
The USA Export Price Index is an economic indicator that can influence the overall market sentiment. While the index exceeded estimates, it was lower than the previous figure, indicating a slowdown in export price growth. This mixed signal may have a neutral impact on the SPY ETF, which tracks the S&P 500 and is influenced by broad market trends.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50