USA Wholesale Inventories (MoM) For October -0.4% Vs -0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Wholesale Inventories for October decreased by 0.4%, which is lower than the estimated decrease of 0.2% and down from the prior month's increase of 0.2%.
December 07, 2023 | 3:00 pm
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NEGATIVE IMPACT
The lower-than-expected decrease in Wholesale Inventories may indicate a potential slowdown in economic activity, which could impact the SPY ETF tracking the broader market.
Wholesale inventories are a leading indicator of economic health as they reflect consumer demand. A larger than expected decrease suggests that wholesalers are selling more than they are buying, possibly due to lower consumer demand. This can lead to reduced orders to manufacturers, slowing economic activity, and potentially negatively affecting the stock market, which SPY represents.
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