Building Permits (MoM) (Jun) +3.4%
Portfolio Pulse from Benzinga Newsdesk
Building permits in the U.S. increased by 3.4% in June, indicating a potential rise in construction activity.
July 17, 2024 | 12:30 pm
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POSITIVE IMPACT
The increase in building permits by 3.4% in June suggests a potential rise in construction activity, which could positively impact the broader market represented by SPY.
An increase in building permits is a positive economic indicator, suggesting growth in the construction sector. This can lead to higher revenues for companies within the sector, potentially boosting the broader market index represented by SPY.
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