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.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50