USA Retail Inventories Ex Auto For July 0.5%; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Retail inventories in the USA, excluding automobiles, increased by 0.5% in July, compared to a 0.3% increase in the previous month.
August 29, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The increase in retail inventories excluding autos suggests a potential buildup in stock, which could indicate either a preparation for higher demand or a slowdown in sales. This data might influence the SPY ETF, which tracks the S&P 500, as it reflects broader economic conditions.
The SPY ETF, which tracks the S&P 500, could be influenced by changes in retail inventories as they reflect broader economic conditions. A rise in inventories might suggest either an anticipation of increased demand or a slowdown in sales, impacting market sentiment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50