USA Import Price Index MoM For Sept. 0.1% Vs 0.5% Expected; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Import Price Index for September has been reported at 0.1%, lower than the expected 0.5% and the prior figure of 0.6%.
October 13, 2023 | 12:30 pm
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NEGATIVE IMPACT
The lower than expected USA Import Price Index could potentially impact the SPY ETF, as it reflects the performance of the US economy.
The USA Import Price Index is a measure of the change in the price of imported goods and services purchased domestically. A lower than expected figure indicates a decrease in inflation pressures, which could potentially lead to a weaker economy. As SPY ETF tracks the performance of the US economy, this news could have a negative impact on its price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75