US Capacity Utilization Rate (Aug) 78% vs 77.9% Est.
Portfolio Pulse from Benzinga Newsdesk
The US Capacity Utilization Rate for August was reported at 78%, slightly above the estimated 77.9%.
September 17, 2024 | 1:16 pm
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POSITIVE IMPACT
The US Capacity Utilization Rate for August was reported at 78%, slightly above the estimated 77.9%. This data point may influence the SPY ETF as it reflects economic activity levels.
The SPY ETF, which tracks the S&P 500, could see a positive impact as the higher-than-expected capacity utilization rate suggests stronger economic activity, potentially boosting investor confidence.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50