- US: Retail Trade Revisions, Consumer Sentiment (Apr-Final), Personal Income (Mar), Employment Cost Index (Q1)
- US: Underlying NIPA Tables, Full Key Source Data (Q1-Adv)
- Canada: GDP by Industry (Feb), Raw Material & Ind Product Prices (Mar)
- *Hong Kong CPI Rebased to 2014-2015=100 (Mar)*
- Turkey: Foreign Trade, Money Supply, BRSA Balance Sheet, Central Bank Loans & Deposits, Electricity Demand & Production, Tourism Expenditures (Mar), Fuel Pump Prices (Apr); Morocco: PPI (Mar); Mauritius: Depository Corporations Survey (Mar)
- more updates...
Economy in Brief
U.S. Employment Cost Index Remains Firm
The employment cost index for civilian workers increased 0.6% (1.9% y/y) during Q1'16...
Chicago Purchasing Managers Index Disappoints & Trends Sideways
Chicago purchasing managers reported that their Business Barometer Index declined to 50.4 this month...
Euro Area Unemployment Drops to 4.5-Year Low
EMU unemployment fell to 10.2% in March after being stuck at 10.4% for three consecutive months...
U.S. GDP Grows 0.5% in Q1'16
Growth in the U.S. economy was barely positive last quarter...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 257,000 during the week ended April 23...
EU and Euro Area Show Some Improvement in April
The EU Commission Indices for the EU and EMU showed gains in April...
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|