Capacity Utilization Rate (Sep) 79.7% vs 79.6% Est.
Portfolio Pulse from Benzinga Newsdesk
The Capacity Utilization Rate for September was reported at 79.7%, slightly above the estimated 79.6%.
October 17, 2023 | 1:20 pm
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POSITIVE IMPACT
The higher than expected Capacity Utilization Rate may indicate a more robust economy, which could potentially benefit SPY.
The Capacity Utilization Rate is a measure of how effectively economic resources are being used. A higher than expected rate can indicate a stronger economy, which generally benefits broad market ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50