USA Retail Inventories Ex Auto For August 0.4% Vs 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Retail inventories in the USA, excluding autos, increased by 0.4% in August, slightly below the previous month's 0.5% increase.
September 27, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience a neutral to slightly negative impact due to the slight decrease in retail inventory growth, which could indicate a slowing in retail sector momentum.
The SPY ETF, which tracks the S&P 500, could be influenced by changes in retail inventories as they reflect consumer demand and economic health. The slight decrease from 0.5% to 0.4% suggests a minor slowdown, but not enough to significantly impact the broader market.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50