Emerson discloses February 2014 Order update; underlying orders increased 4%
Trailing three-month orders growth continued to reflect slightly improving global macroeconomic conditions, with mixed demand among geographies and markets. Excluding unfavorable currency translation of 2 percentage points, underlying orders increased 4 percent, as all segments reported growth and four of five improved sequentially. Market conditions remained favorable in Asia, with solid demand in China, while political instability in Russia and the Ukraine has dampened demand in that region. The harsh weather in the U.S. continued to adversely affect orders and sales in February, which are expected to be recovered over the next several months.