Intraday Economic News: U.S. Retail Sales Jump 1.1% In February; Increase 0.9% Excluding Autos Mar 12
- Language: English
- Published: March 2012
- Region: United States
The University of Michigan consumer sentiment index fell 2.5 points to 72.5 in the preliminary February reading, pulling back half of the 5.1-point gain to 75.0 in January. The reading was weaker than both the 74.0 consensus expectation and our forecast of 75.0. Current conditions largely explained the overall decline, falling to 79.6 from 84.2 in January. However, expectations also fell 1.1 points to 68.0 in the preliminary February reading. Although inflation expectations one year ahead eased slightly, the five-year-ahead reading accelerated to 2.9% from 2.7% in January. The disappointing report will likely weigh on markets today....
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.