USA Export Price Index (MoM) For August -0.7% Vs -0.1% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Export Price Index for August decreased by 0.7%, which is significantly lower than the estimated decrease of 0.1% and the previous increase of 0.5%.
September 13, 2024 | 12:50 pm
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The larger-than-expected drop in the USA Export Price Index for August could indicate potential economic challenges, which may affect the SPY ETF as it tracks the S&P 500 index.
The SPY ETF, which tracks the S&P 500, could be impacted by the unexpected drop in export prices, suggesting potential economic headwinds that might affect broader market sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50