By Mark Pender
NEW YORK (MNI) – MNI’s U.S. capital goods index continues to slow
with a 2.8-point decline in the Jan. 6 period to a breakeven 50 level
that indicates no change in year-on-year business conditions, according
to the results of Market News International’s weekly survey released
Monday.
Dominating the fourth-quarter pre-announcement period are warnings
tied to slowing orders from Europe and supply dislocations in the
electronics sector from the flooding in Thailand.
Averages are all sloping downward with the 12-week average, at
60.8, down for the 19th time in 20 weeks.
Sequentially, MNI’s sample points to a fourth-quarter slowdown for
nondefense capital goods shipments.
Sales growth is a year-on-year +4.9% for the slowest rate since
second-quarter last year. Income, at -3.0%, is weakest since
first-quarter last year. Sample size in the period is 219 companies.
Editor’s Note: MNI compiles its capital goods index based on a
weekly sample of company news and data.
** Market News International New York Newsroom: 212-669-6430 **
[TOPICS: MDUCG$,MT$$$$,M$U$$$,M$UEQ$,MAUDS$]
