Research And Markets Research And Markets

Intraday Economic News: U.S. Factory Orders Rise 1.1% In December Feb 12

  • ID: 2048452
  • February 2012
  • Region: United States
  • Standard & Poors
1 of 2

U.S. factory orders were up 1.1% month over month in December, which was a bit weaker than the 1.5% gain consensus expected though comes after November orders were upwardly revised to a 2.2% gain (previously up 1.8%). Total factory orders are now up 12.1% year to date. The 18.9% month-over-month jump in civilian aircraft orders helps explain the overall gain. Excluding transportation, orders were up 0.6%. Durable orders rose 3.0% over November and are up 10% year to date. Although strong civilian aircraft orders contributed to the gain, machinery orders and orders for primary metals were also strong, up 6.7% and 6.2%, respectively. Computers and electronic products rose just 0.6%. While the report was a bit weaker than expected, it...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown
2 of 2
Note: Product cover images may vary from those shown