- Japan: Industrial Production (Oct-Prelim), Lease Statistics (Oct)
- New Zealand: Building Consents Issued, Business Outlook Survey (Oct); Australia: Assets and Liabilities of RDIs (Oct), Business Indicators (Q3)
- Korea: Economic Sentiment and Business Survey Index (Nov), IP (Oct)
- Algeria: CPI (Oct); Israel: Banking System Credits and Deposits (Sep)
- more updates...
Economy in Brief
Durable Goods Orders Rebound More Strongly Than Expected in October
Durable goods orders started the third quarter strongly, jumping up 3.0%/m (0.5% y/y)...
U.S. New Home Sales Rise M/M but Tread Water This Year
Sales of new single-family homes increased 10.7% during October to 495,000 (AR) from 447,000 in September, revised from 468,000. ...
U.S. FHFA Home Price Index Firmer in September
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.8% in September (6.1% y/y)...
US Initial Jobless Insurance Claims Fall Unexpectedly
Initial claims for unemployment insurance unexpectedly fell to 260,000 in the week ending November 21 from an unrevised 271,000 the previous week...
Retail Sales Growth Turns Negative In September
Retail sales volumes and consumer confidence in Italy have recovered much better than has the Italian industrial sector...
U.S. GDP Growth Is Revised Up With Inventories; Corporate Profits Decline
Economic growth was revised higher to 2.1% (AR) during Q3'15...
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|