USA Capacity Utilization Rate For July 79.3% Vs 79.1% Est.; 78.6% Prior
Portfolio Pulse from Happy Mohamed
The USA Capacity Utilization Rate for July was reported at 79.3%, higher than the estimated 79.1% and the prior rate of 78.6%.
August 16, 2023 | 1:16 pm
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POSITIVE IMPACT
The higher than expected USA Capacity Utilization Rate may indicate a stronger economy, which could positively impact the SPY ETF.
The Capacity Utilization Rate is a key economic indicator that can influence the stock market. A higher than expected rate suggests a stronger economy, which can lead to increased investor confidence and potentially boost the price of assets like the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75