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The news as of 1/27/2012
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GDP Increased 2.8% in Q4
GDP increased at an annual rate of 2.8 percent in the fourth quarter of 2011 (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released this morning by the Bureau of Economic Analysis. In the third quarter, real GDP increased 1.8 percent.
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Newell Rubbermaid Q4 Sales +3.7%
Net sales for the year ended December 31, 2011 increased 3.6 percent to $5.86 billion, compared with $5.66 billion in the prior year.
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New Home Sales Fell 6% in 2011
An estimated 302,000 new homes were sold in 2011. This is 6.2 percent (±3.6%) below the 2010 figure of 323,000.
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Stanley Black & Decker Q4 Sales +17%
Net earnings increased to $165.3 million from $137.8 million in the year-ago period.
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Sherwin-Williams Q4 Sales +9.2%
Net sales in the Paint Stores Group increased 9.1% to $4.78 billion in the year and increased 13.5% to $1.13 billion in the quarter.
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Remodeling Market Index Rises to Five-Year High
In the fourth quarter, the RMI component measuring current market conditions rose to 48.4 from 43.0 in the previous quarter. The RMI component measuring future indicators of remodeling business was also positive, increasing to 44.8 from 40.4 in the previous quarter.
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Manufacturers: State of the Union Needs Action Behind It
“Tonight the President focused on the need to create jobs, shore up our energy security through increased domestic production and revive manufacturing in America. Yet his decision last week to reject the Keystone XL killed the promise of nearly 20,000 manufacturing and construction jobs along with the 118,000 indirect jobs that would ripple across our economy."
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