Recent Updates
- Bosnia: CPI (Dec)
- Canada: Wholesale Trade, MSIO (Nov)
- Canada Regional: Wholesale Trade, MSIO by Province (Nov)
- US: Philadelphia Fed Nonmfg Business Outlook Survey (Jan)
- Hungary: Wages (Nov), Fostered Workers, Social Security Balance (Dec), Maturity Profile of Central Government Debt (Q4)
- Ireland: PPI, WPI (Dec), Personal Bankruptcy (Q4)
- Mexico: Employment (Dec)
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- more updates...
Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Treasury Statement, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
Philadelphia Fed Nonmanufacturing Business Activity Slumps Again in January
The Philadelphia Fed reported that its Nonmanufacturing Business Index of current conditions at the company level slumped further to -0.2 in January...
U.S. Industrial Production Celebrates 100 Years With An Increase
In the 100th anniversary of it release, industrial production rose a greater-than-expected 0.3% (3.9% year-on-year) during December...
U.K. Retail Sales Begin to Lose Momentum
U.K. retail sales fell by a sharp 1% in December...
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 17.0 during January...
by Tom Moeller March 31, 2005
Factory inventories added 0.5% in February to the prior month's 1.5% spurt. Less petroleum inventories which fell 0.4% (16.7% y/y) the total increased 0.6% (8.3% y/y).
Factory shipments fell 0.9% in part reflecting a 2.9% drop in transportation equipment (-5.1% y/y). Less transportation shipments fell 0.6% (+13.3% y/y).
Orders to the factory sector rose 0.2%. The advance report of a 0.3% rise in durable goods was revised to 0.5% (+7.8% y/y). Nondefense capital goods orders less aircraft fell 1.7% (14.2% y/y).
Unfilled orders jumped 0.6%. The ratio of unfilled orders to shipments for durables recovered most of the prior two months' declines.
| Factory Survey (NAICS) | Feb | Jan | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Inventories | 0.5% | 1.5% | 8.6% | 7.5% | -1.3% | -1.8% |
| New Orders | 0.2% | -0.0% | 10.0% | 10.9% | 3.7% | -1.9% |
| Shipments | -0.9% | 1.1% | 10.4% | 10.5% | 2.6% | -2.0% |
| Unfilled Orders | 0.6% | -0.0% | 8.8% | 9.1% | 4.2% | -6.1% |
