USA Capacity Utilization Rate For January 78.5% Vs 78.8% Est.; 78.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Capacity Utilization Rate for January was reported at 78.5%, which is below the estimated 78.8% and slightly lower than the previous month's rate of 78.7%.
February 15, 2024 | 2:16 pm
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The lower than expected Capacity Utilization Rate may lead to cautious investor sentiment towards the SPY ETF, reflecting concerns about industrial output and economic health.
Capacity Utilization is a key economic indicator that reflects the overall industrial output and economic health. A lower than expected rate can signal a slowdown in industrial activity, which may negatively impact investor sentiment towards broad market ETFs like SPY, as they are often seen as barometers of the overall economy.
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