USA Industrial Production (MoM) For September 0.3% Vs 0.1% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Industrial Production for September increased by 0.3%, beating the estimated 0.1% and the prior 0.0%.
October 17, 2023 | 1:19 pm
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POSITIVE IMPACT
The increase in USA Industrial Production for September may positively impact SPY as it indicates a stronger economy.
Industrial Production is a significant economic indicator. A higher than expected increase suggests a stronger economy, which is generally positive for broad market ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50