U.S. Industrial Production MoM 0.4% Vs 0.1% Est; 0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
U.S. Industrial Production has increased by 0.4% month-on-month, surpassing the estimated 0.1% and the prior figure of 0.7%. This indicates a stronger than expected performance of the industrial sector.
September 15, 2023 | 1:20 pm
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POSITIVE IMPACT
The stronger than expected U.S. Industrial Production could positively impact SPY, as it reflects a robust industrial sector.
SPY, as a broad-based ETF, is likely to be positively impacted by the stronger than expected U.S. Industrial Production. This is because a robust industrial sector often leads to a stronger overall economy, which can boost the performance of broad-based ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50