Friday, March 17, 2006

Quick Overview

  • The University of Michigan's consumer sentiment index was weaker than expected at 86.7.

  • U.S. Industrial production was up 0.7% in February.

  • Canada’s wholesale sales were up 1.8% in January.

  • North American-based semiconductor equipment sellers posted a book-to-bill ratio of 1.01 in February, up from 0.97 in January, according to the Semiconductor Equipment and Materials International (SEMI) trade group. This is the first time above parity since August of 2004.

  • General Motors Corp.'s disclosures that it lost $2 billion more last year than previously reported and needs more time to sort out accounting errors.

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