- Austria: Wholesale Price Index ** Rebase 2015=100 ** (Jan); Greece: International Trade (Dec); Malta: Intl Trade (Dec)
- Canada: Housing Starts Press Release (Jan), Complete Preliminary CMHC Housing Starts Data for Jan will be released on Feb 8th PMI, Labor Force Survey (Jan), Trade (Dec)
- US: Employment Situation + Revisions (Jan), International Trade (Dec)
- US: Value & Weight of Imports and Exports (Dec)
- US: Household Survey Detail (Jan)
- more updates...
Economy in Brief
U.S. Consumer Credit Usage Ramps Up in December; Remains Steady in 2015
Consumer credit outstanding increased $21.3 billion during December following an unrevised $14.0 billion November gain...
U.S. Trade Deficit Widens Slightly in December
The U.S. foreign trade deficit increased to $43.4 billion in December from November's $42.2 billion...
German Orders Show Building Strength Despite December and Year-Over-Year Weakness
In December, total orders in Germany fell by 0.7%...
U.S. Productivity Decline Lifts Unit Labor Costs
Nonfarm output per hour declined 3.0% at an annual rate (+0.3% y/y) during Q4'15 following a 2.1% Q3 increase...
U.S. Initial Unemployment Insurance Claims Move Higher
Initial claims for jobless insurance increased to 285,000 during the week ended January 30 from 277,000 in the prior week...
U.S. Factory Sector Orders Decline Led by Transportation
New orders in the manufacturing sector fell 2.9% during December following a 0.7% easing in November...
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|