- **Australia's Annual Capital Stock, GFCF, HFCE and GVA Re-referenced to 2014:Q3-2015:Q2 A$**
- Algeria: GDP (Q2); Uganda: GDP (2015); Morocco: Banking Survey (Sep)
- US: Consumer Sentiment (Oct-final), GDP (Q3-Adv), Employment Cost Index (Q3)
- Consumer Sentiment Detail (Oct-final)
- Chile: IP, Employment, Supermarket Sales, Consumer Sales (Sep)
- Germany: Consumer Price Indexes (Oct-prelim)
- more updates...
Economy in Brief
U.S. Employment Cost Index Increases at Steady Rate
The employment cost index for civilian workers increased 0.6% (2.2% y/y) during Q3'16 for the third straight quarter...
U.S. Durable Goods Orders Ease in September
New orders for durable goods slipped 0.1% (+1.6% y/y) during September after a 0.3% August rise...
U.S. Initial Unemployment Claims Fall
Initial claims for unemployment insurance declined to 258,000 (-2.6% y/y) during the week ended October 22...
U.S. Pending Home Sales Rebound
The NAR pending home sales increased 1.5% during September following a 2.5% August decline...
Kansas City Federal Reserve Factory Index Stabilizes; Expectations Strengthen
The Kansas City Fed reported that regional manufacturing sector business activity was unchanged at 6 during October...
Euro Area Money Supply Crawls Higher
Money supply (M2) growth in the EMU slowed its year-on-year pace to 5% in September from 5.2% in August...
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|