S&P Global Services PMI For September 55.2 Vs 55.4 Est.; 55.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The S&P Global Services PMI for September was reported at 55.2, slightly below the estimated 55.4 and the previous month's 55.7. This indicates a slight slowdown in the growth of the services sector.
October 03, 2024 | 1:45 pm
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NEUTRAL IMPACT
The S&P Global Services PMI for September was slightly below expectations, which may indicate a minor slowdown in the services sector. This could have a neutral to slightly negative impact on SPY, as it reflects the broader market sentiment.
The S&P Global Services PMI is a key economic indicator that reflects the health of the services sector. A reading slightly below expectations suggests a minor slowdown, which could lead to cautious sentiment in the market. However, the impact on SPY is likely neutral as the deviation is small.
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