ISM Non-Manufacturing Employment For May 47.1 Vs 47.2 Expected, 45.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The ISM Non-Manufacturing Employment Index for May came in at 47.1, slightly below the expected 47.2 and higher than the previous month's 45.9.
June 05, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The ISM Non-Manufacturing Employment Index for May was reported at 47.1, slightly below the expected 47.2 but an improvement from April's 45.9. This mixed data could lead to minor fluctuations in SPY as investors digest the implications for the broader economy.
The ISM Non-Manufacturing Employment Index is a key economic indicator. The slight miss from expectations and improvement from the previous month suggests mixed signals for economic health, likely causing minor short-term fluctuations in SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50