ID Index Nearly Unchanged

Virtually all economic data held extremely steady since last index, with the Euro and fuel costs rising only by pennies . . .

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After several large losses in the last two months, followed by a few marginal gains, the ID Index remains virtually unchanged this week, losing only 1.29 points since the last index on July 2nd, 2012.

Two months ago, the ID Index suffered an exceptionally large loss of 54.39. One month ago, the index plunged again with a total loss of 31.23 points on the week. It regained a decent portion of the losses and appears to once again be heading in the right direction, this week holding very steady.

One disclaimer: Please consider that market values may have changed slightly since the close of business on Friday, July 13th, 2012.

A week ago, the ID Index came in at 707.61 after a decent gain of 22.29 points. As of Friday, July 13th, the index is down, but only 1.29 points on the week for a total value of 706.32, a change of less than one percent.

W.W. Grainger (GWW) continues its lead of the index at 190.22 points, down a slight .47 points.

Lawson Products is once again the lowest valued stock coming in at 9.62 points, with a solid gain of .41 points on the week, equaling about 4%. This small gain comes on the heels of their recent restructuring announcement, which will include cutting about 11% of its workforce. You can read the details here.

Other economic data worth noting:

  • $1 = 0.82 Euros, up just .03 in the last two weeks.
  • A gallon of regular gas is averaging $3.39 in the U.S., and $3.67 a year ago.
  • Crude oil is currently trading at $87.10, versus $84.96/barrel two weeks ago.
  • Natural gas is currently at $2.88/BTU, up only .06 since last index.
  • Gold is at $1592.00/Troy ounce, down 12.00 in two weeks, the second loss of over 10.00 in a month.
  •  Copper is at $3.48/pound, up just a penny this week.

Manufacturing Index

Manufacturer

Last Week

This Week

3M (MMM)

89.29

88.28

United Technologies (UTX)

75.40

73.44

General Electric (GE)

20.74

19.53

Boeing (BA)

74.21

73.06

Dow Industrial (DIA)

128.63

127.27

Deere & Co. (DE)

81.00

77.28

General Motors (GM)

19.70

19.55

Ford Motor Company (F)

9.50

9.23

Caterpillar (CAT)

85.35

81.70

Dow Chemical (DOW)

31.56

30.30

Lear Corporation (LEA)

37.94

37.92

Illinois Tool Works (ITW)

52.46

50.56

Questions? Comments? Concerns? Is there a publicly traded manufacturer that you would like to see listed? Let me know at abbigail.kriebs@advantagemedia.com.

The ID Index is comprised of your publicly-traded peer companies that we can track in offering some insight on the comparative health of industrial distribution. All of these companies are found in our Big 50, with their rankings ranging from #3 to #32. Each week we’ll offer a look at how the index performed collectively, as well as individually. Additional, pertinent economic data will also be included from time to time.

 

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