Building Permits (MoM) (Sep) -4.4% vs +6.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The Building Permits for September have decreased by 4.4%, compared to a 6.8% increase in the previous month.
October 18, 2023 | 12:31 pm
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NEGATIVE IMPACT
The decrease in Building Permits may indicate a slowdown in the construction sector, which could potentially impact the SPY ETF.
Building Permits are a key indicator of demand in the construction industry. A decrease in permits suggests a potential slowdown in the sector, which could negatively impact the SPY ETF, as it includes companies from the construction industry.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50