U.S. Capacity Utilization Rate 79.3% Vs 79.1% Est.; 78.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.S. Capacity Utilization Rate has increased to 79.3%, higher than the estimated 79.1% and the previous rate of 78.6%.
September 15, 2023 | 1:18 pm
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POSITIVE IMPACT
The increase in the U.S. Capacity Utilization Rate may have a positive impact on SPY as it indicates a more efficient use of resources and potential economic growth.
The Capacity Utilization Rate is a key economic indicator that measures the proportion of potential economic output that is actually realized. A higher rate indicates a more efficient use of resources and potential economic growth, which could positively impact the SPY ETF, which tracks the performance of the U.S. economy.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50