- Markit PMI: Service Survey - Japan PMI (Aug); Markit PMI: Composite - Japan PMI (Aug)
- Korea: GDP (Q2)
- Australia: Retail Trade, International Trade (Jul); New Zealand: Construction Work Put in Place (Q2)
- US: BEA Auto Sales (Aug), Manufacturers' Shipments Inventories and Orders (Jul), Productivity and Costs (Q2), ADP Employment Report (Aug)
- more updates...
Economy in Brief
U.S. Productivity is Revised Higher Following Two Quarters of Decline
Nonfarm productivity growth during Q2'15 was revised higher to 3.3% from 1.3% reported initially...
U.S. Factory Sector Orders Improve
New orders in the manufacturing sector improved 0.4% during July (-15.2% y/y)...
EMU Producer Prices Continue to Fall
The PPI headline shows a monthly drop of 0.2% in July and a year-over-year decline of 2.1%...
U.S. Light Vehicle Sales Crest 10-Year High, Led by Imported Light Trucks
Total sales of light vehicles increased 1.5% during August to 17.81 million units (SAAR, 2.8% y/y)...
U.S. ISM Factory Index Weakens to Two-Year Low
The ISM U.S. Composite Index fell to 51.1 during August following an unrevised decline to 52.7 in July...
U.S. Crude Oil Prices Surge; Gasoline Prices Decline
Crude oil prices found new life last week...
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|