- Czech Republic: Business Cycle Survey (Sep); Montenegro: IP, Industrial Turnover, Foreign Trade (Aug); Georgia: National and Foreign Currency Deposits (Aug)
- Italy: Non-EU International Trade (Aug), Retail Trade (Jul)
- Germany: IFO Business Climate Survey Summary (Sep)
- UK: BBA Mortgage and Consumer Lending (Aug)
- Palestine: IIP (Q2)
- Finland: PPI, Domestic Supply Prices (Aug)
- Thailand: International Trade (Aug); Korea: Trade Indexes (Aug);
- more updates...
Economy in Brief
U.S. Existing Home Sales Decline
Sales of existing homes fell 0.9% (+0.8% y/y) during August to 5.330 million units after 3.4% July decline to 5.380 million units...
U.S. Leading Economic Indicators Decline
The Conference Board's Composite Index of Leading Economic Indicators fell 0.2% during August (+1.1% y/y)...
U.S. FHFA House Price Index Momentum Eases
The FHFA index of U.S. house prices increased 0.5% during July following a 0.3% June gain...
U.S. Initial Unemployment Insurance Claims Near 40-Year Low
Initial claims for unemployment insurance declined to 252,000 (-7.0% y/y) in the week ending September 17...
Chicago Fed National Activity Index Deteriorates
The National Activity Index from the Federal Reserve Bank of Chicago declined to -0.55 during August from 0.24 in July...
U.K. CBI Survey Turns Upbeat: Temper Your Enthusiasm
Conflicting numbers and expectations stalk the U.K. outlook. In the wake of Brexit...
by Tom Moeller June 2, 2011
Manufacturing orders pulled back 1.2% during April after a 3.8% March jump, revised up from 3.0%. Consensus expectations were for a 1.0% decline in total factory orders. For durable goods only, orders fell an unrevised 3.6%. As indicated last week, much of the decline in durables was due to aircraft. Nondurable goods orders, which equal shipments, rose 0.6% (14.6% y/y). Apparel shipments rose 0.9% (5.3% y/y) but chemical shipments fell 0.3% (+1.0% y/y).
Inventory building continued strong at 1.3% (12.3% y/y), although the figure was biased due to higher oil prices. Durable inventories jumped 0.9% (12.7% y/y) but nondurables surged 1.9% due to the 6.2% jump (35.6% y/y) in petroleum. Growth in unfilled orders moderated to 0.3% for the month. The 5.4% y/y gain masks, however, the strength of a 12.6% rise in backlogs less the transportation sector. It was led by a 31.2% y/y gain in backlogs of machinery orders and a 22.3% gain in electrical equipment, appliances & components.
The factory sector figures are available in Haver's USECON database.
Assessing Potential Financial Imbalances in an Era of Accommodative Monetary Policy is yesterday's speech by Fed Vice Chair Janet L. Yellen and it can be found here.
|Factory Sector - NAICS Classification (%)||Apr||Mar||Feb||Y/Y||2010||2009||2008|