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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70