USA Manufacturing Production (MoM) For June 0.4% Vs 0.2% Est.; 1.0% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Manufacturing Production for June increased by 0.4%, surpassing the estimated 0.2% but lower than the previous month's 1.0%.
July 17, 2024 | 1:16 pm
News sentiment analysis
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact due to the better-than-expected manufacturing production data for June, which indicates economic resilience.
The better-than-expected manufacturing production data suggests economic resilience, which is generally positive for broad market indices like the S&P 500. This could lead to a short-term increase in SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50