Recent Updates
- New Zealand: Food Price Index (Jul)
- New Zealand: Jobseeker Support by Territorial Authority (Jul)
- Korea: Import & Export Price Indexes Press (Jul)
- US: Business Formation Statistics, Producer Prices (Jul)
- US: Business Formation Statistics by State (Jul)
- more updates...
Economy in Brief
U.S. Unemployment Claims Continue on an Uptrend
Initial claims for unemployment insurance filed in the week ended August 6 rose 14,000 to 262,000...
RICS Survey Points to More U.K. Housing Sector Weakness
The survey of housing market conditions in the U.K. continues to show strength in prices versus weakness...
U.S. CPI Unchanged in July with Drop in Energy Prices
Consumer prices were unchanged in July after an outsized 1.3% m/m jump in June...
U.S. Federal Government Budget Deficit Shrinks in July
The U.S. Treasury Department reported a federal budget deficit of $211.1 billion in July...
U.S. Mortgage Applications Rose Slightly in the Latest Week
Mortgage applications increased 0.2% (-62.9% y/y) from one week earlier...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Robert Brusca August 8, 2007
Foreign demand for core machinery orders has spiked up now and gain in Japan, but domestic demand has remained consistently weak.
The three month spike in domestic machinery orders over three months is surprising. It mostly reflects a spike in April, with further growth in May offset by a drop in June. Over all core machinery orders, however, continue to show weakness Over three, six and twelve months core orders are contracting. The core orders figures exclude shipbuilding orders and electric power orders that tend to be lumpy and distort trends. Three-month trends for core orders are trying to make a comeback but so far the localized strength has not been able to move the six-month or Yr/Yr trends higher. On all tenors core orders are still declining.
m/m % | Saar % | |||||
SA | Jun-07 | May-07 | Apr-07 | 3-Mos | 6-Mos | 12-Mos |
Total | -6.5% | 5.8% | 16.0% | 72.9% | 17.9% | -4.7% |
Core Orders* | -10.4% | 5.9% | 2.2% | -11.8% | -16.8% | -18.2% |
Foreign Demand | -5.9% | 5.5% | 8.1% | 32.7% | 49.0% | 1.7% |
Domestic Demand | -6.5% | 5.9% | 20.1% | 100.0% | -1.0% | -9.3% |
* Excl ships and electric power; mil of yen |