USA Industrial Production (YoY) For July -0.20% Vs -0.10% Est.; -0.43% Prior
Portfolio Pulse from Happy Mohamed
USA Industrial Production for July has decreased by 0.20% year-on-year, which is worse than the estimated decrease of 0.10% and the prior decrease of 0.43%.
August 16, 2023 | 1:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The worse than expected decrease in USA Industrial Production could negatively impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which includes companies from the industrial sector. A decrease in industrial production could indicate a slowdown in the economy, which could negatively impact the performance of these companies and, in turn, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75