By Mark Pender
NEW YORK (MNI) – MNI’s U.S. capital goods indicator rose one full
point in the July 6 period to a 44.3 level that however still indicates
significant contraction in year-on-year business activity, according to
the results of MNI’s weekly survey released Monday.
Sales, at a year-on-year +1.2%, are the weakest since April 2010.
Currency effects are shaving sales by two percentage points.
Income is -7% year-on-year. Sample size in the period is 246
companies.
Bad news from the sample eased in the latest week, though the prior
week was packed with second-quarter warnings tied to Europe and China.
Second-quarter guidance from the sample is steady, pointing to
slight sequential sales growth.
Editor’s Note: MNI compiles its capital goods index based on a
weekly sample of company news and data.
** MNI New York Bureau: 212-669-6430 **
[TOPICS: MDUCG$,MT$$$$,M$U$$$,M$UEQ$,MAUDS$]
