USA Capacity Utilization Rate For September 77.5% Vs 77.9% Est.; 77.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA's capacity utilization rate for September was reported at 77.5%, which is below the estimated 77.9% and the prior month's rate of 77.8%.
October 17, 2024 | 1:15 pm
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The lower-than-expected capacity utilization rate may indicate a slowdown in economic activity, potentially impacting the SPY ETF, which tracks the S&P 500 index.
The capacity utilization rate is a measure of how fully firms are using their resources. A lower rate than expected can signal weaker economic activity, which may negatively impact the broader market and SPY, an ETF that tracks the S&P 500.
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