USA Personal Spending (MoM) For September 0.5% 0.4% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA's personal spending for September increased by 0.5%, surpassing the estimated 0.4% and the previous month's 0.3%.
October 31, 2024 | 12:31 pm
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POSITIVE IMPACT
The increase in personal spending to 0.5% in September, above expectations, could positively impact SPY as it indicates stronger consumer activity.
SPY, an ETF that tracks the S&P 500, could benefit from increased consumer spending as it suggests economic growth and potential revenue increases for companies within the index.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50