NEW YORK, Feb. 1 /Xinhua-PRNewswire/ -- Market News International’s U.S. retail trade and U.S. capital goods reports offered extreme accuracy in 2007. The year’s reports, which are released each Monday morning, included three readings that fell within 1 tenth and two readings that were bull’s eyes. All readings forecasted the correct market direction, further establishing MNI’s dominance in economic reporting.
The graph embedded in http://xprnnews.xfn.info/MNI/20080201/HK087703a.pdf tracks the total sales component of MNI’s retail report with the closely watched ex-auto ex-gas component of the Commerce Department’s retail report.
On the capital goods side, December durable goods data from the Commerce Department were perhaps the most important yet in five years of MNI data. As demonstrated in the graph: http://xprnnews.xfn.info/MNI/20080201/HK087703b.pdf , MNI data were calling consistently for strength through the fourth quarter. It took a big jump in December, the biggest in nearly two years, to vindicate MNI’s call.
MNI’s data are never revised, never refitted to match the course of the economy. The data are timely, released each Monday morning. The data are based on company results, company indications, and company trends. Each report includes not only metrics but actual company commentary, describing conditions and the outlook in the language of business. Sample sizes are large, as many as 300 chains in the retail report and 500 manufacturers in the capital goods report.
For copies of the individual indices already published by MNI, contact Lauren Hand, Marketing Coordinator, at lhand@marketnews.com or 212-669-6458.
About Market News International
Market News International, owned by Xinhua Finance Limited, is the leading real-time news agency dedicated to the global fixed-income and foreign exchange markets, and provides information that is also relevant to the equity markets. Founded in 1983, MNI is an accredited news agency with bureaus in Beijing, Berlin, Brussels, Chicago, Frankfurt, Hong Kong, London, New York, Paris, Singapore, Tokyo, and Washington D.C. To learn more, please visit http://www.marketnews.com .
About Xinhua Finance Limited
Xinhua Finance Limited is China’s premier financial services and media company and is listed on the Mothers board of the Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Rooted in China with a global presence, Xinhua Finance serves financial institutions, corporations and re-distributors through four focused and complementary services lines: Indices, Ratings, Financial News and Investor Relations. Founded in 1999 and based in Hong Kong, the Company has 17 offices and 22 news bureaus across Asia, Australia, North America and Europe and covers key Chinese and international markets.
Press Contact:
Lauren Hand
Market News International
Tel: +1-212-669-6458
Email: lhand@marketnews.com
