USA Industrial Production (YoY) -0.20% Vs 0.03% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Industrial Production year-over-year has decreased by 0.20%, compared to a prior increase of 0.03%.
March 15, 2024 | 1:17 pm
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NEGATIVE IMPACT
The decrease in USA Industrial Production may lead to a negative sentiment towards the US economy, potentially impacting SPY.
SPY, as a broad market ETF, is sensitive to economic indicators. A decrease in industrial production suggests a slowing economy, which can lead to decreased investor confidence and potentially lower SPY prices in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70