U.S. Capacity Utilization Rate For March 78.4% Vs 78.5% Est.; 78.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.S. Capacity Utilization Rate for March was reported at 78.4%, slightly below the estimated 78.5% but above the previous month's rate of 78.2%.
April 16, 2024 | 1:16 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience minor fluctuations due to the U.S. Capacity Utilization Rate for March being slightly below expectations.
The Capacity Utilization Rate is a key economic indicator that can influence market sentiment and, by extension, the performance of broad market ETFs like SPY. However, the minor miss from the estimated rate suggests a limited impact on SPY's performance in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50