By Mark Pender
NEW YORK (MNI) – MNI’s U.S. capital goods index slipped a little
more than one point in the May 13 period to a still very robust level of
76.3 that remains near the top of trend, according to the results of
Market News International’s weekly survey released Monday.
All readings have been very steady the last two months.
Year-on-year sales are +15.6% for a second week in a row with foreign
exchange adding one percentage point to export sales.
Income, for the third week in a row, is at +26%. Sample size in the
period is a record 576 companies.
MNI’s data point to low to mid single digit quarter-to-quarter
gains for nondefense capital goods shipments, in what would be an
acceleration from the first quarter’s 0.4% gain.
The data also point to strength for capital goods readings in
Tuesday’s international trade report including the business equipment
index.
Capital goods producers are reporting strong exports with
especially high rates of growth in emerging markets. High input costs
are a universal concern with only inconsistent pass through reported.
Among industries that are on the move, the sample reports
increasing growth in aerospace and emerging growth in domestic
non-residential construction.
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 **
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