USA Industrial Production (YoY) For September 0.10% Vs 0.25% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Industrial Production for September has been reported at 0.10%, lower than the prior figure of 0.25%.
October 17, 2023 | 1:19 pm
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NEGATIVE IMPACT
The lower than expected USA Industrial Production for September may negatively impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which includes a large number of industrial companies. A lower than expected industrial production figure indicates a potential slowdown in the industrial sector, which could negatively impact the performance of these companies and, by extension, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75