February 2010
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Archive for February 12th, 2010

0.9% growth in industrial production in the USA

Friday, February 12th, 2010

ISM Business USAGrowth of 0.9 percent notes of U.S. industrial production in January over the previous month, said agency Reuters, which relies on official statistics. The agency said analysts had expected growth of 0.7 percent. Immediately after this good news American market reacted instantly. The Dow Jones rose by 0.33% to 10.302,29 points, technological Nasdaq Composite index jumped by 0.32% to 2.221,17 points, but the greatest increase in reported index Standard & Poor’s 500, which added 0, 38% to 1.099,07 points. And other sectoral indicators show growth. The number of dwellings, whose construction began in January, grew by 2.8 percent last month compared to 2008 and reached 590 000, while analysts had expected 580 000. Data for January for the sector are highest for the last half year and show an increase for the third consecutive month. Substantial growth in their production report and the largest manufacturer of tractors and other agricultural machinery Deere & Co, which expense company’s shares by 7.6 percent. “If you look at reports of companies for the first quarter of 2009-2010 financial year, we find that about ¾ of the companies which submitted their reports, have increased their financial performance. Because it can be said that the just-completed reporting period is staggering, “said Reuters chief analyst for the stock market at Federated Investors Phil Orlando.
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