Michigan Consumer Sentiment For October 63.8 Vs 63.0 Est.; 68.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The Michigan Consumer Sentiment for October is reported at 63.8, slightly above the estimated 63.0 and below the prior figure of 68.1.
October 27, 2023 | 2:00 pm
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NEUTRAL IMPACT
The Michigan Consumer Sentiment, a key economic indicator, is slightly above estimates but lower than the previous month. This could potentially impact the overall market, represented by SPY.
The Michigan Consumer Sentiment is a widely watched economic indicator. While the figure is above estimates, it is lower than the previous month, indicating a potential slowdown in consumer spending. This could impact the overall market, and thus SPY, as consumer spending is a major component of the economy.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75