- Switzerland: Central Bank Balance Sheet (Jun)
- Turkey: Deposit Money Bank Loans (Jun), Consumer Confidence Index (Jul)
- Estonia: Retail Trade (Jun); Armenia: Remittances (Jun); Russia: Money Supply (Jun)
- Denmark: Unemployment (Jun)
- Germany: LFS (Jun)
- Japan: Petroleum Statistics (Jun-Prelim), Wage Indexes, Trading Volume of Bond with Options, Auto Production and Exports by
- more updates...
Economy in Brief
U.S. ADP Employment Increase Throttles Back
The ADP/Moody's National Employment Report indicated a 218,000 rise (2.2% y/y) in July nonfarm private sector jobs...
FOMC Sees Economic Rebound; Pares Back Bond Purchases Further
The Fed indicated that the economy, consumer spending, business investment and job creation each had improve...
EU Indices Take a Step Back in July as the EMU Reading Steps Up
The EU index of economic sentiment fell to 105.8 in July from 106.4 in June...
U.S. Consumer Confidence Improves to Highest Level Since October 2007
The Conference Board reported that their reading of consumer confidence improved 5.2% this month (12.2% y/y) to 90.9...
U.S. Gasoline Prices Return to March Low
The price for a gallon of regular gasoline declined another five cents last week to $3.54 (-2.9% y/y)...
U.S. Chain Store Sales Hold On To Earlier Gains
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales nudged 0.2% higher 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|