- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Brazil: PPI (Mar); Mexico: Compensation and Productivity (Feb)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- UK: Motor Vehicle Production (Mar)
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller March 24, 2016
New orders for durable goods declined 2.8% (+1.8% y/y) during February following a 4.2% January rise, revised from 4.9%. A 2.4% decline had been expected in the Action Economics Forecast Survey.
A 6.2% drop (+7.1% y/y) in orders for transportation equipment led the overall decline. It was paced by a 27.7% shortfall (-3.6% y/y) in aircraft orders which followed a 59.4% jump. Motor vehicle & parts bookings gained 1.2% (11.8% y/y) after a 2.7% rise.
Orders for nondefense capital goods declined 7.5% (-3.7% y/y) following a 20.5% rise. Bookings excluding aircraft fell 1.8% (-0.1% y/y) after a 3.1% rise.
Machinery orders fell 2.6% (-0.9% y/y) following a 4.6% jump. Computers & electronic product orders were off 0.9% (+6.9% y/y), reversing a 0.9% increase. Electrical equipment orders fell 2.8% (-7.3% y/y), down for a second consecutive month. Fabricated metals orders declined 1.2% (+1.4% y/y), but primary metals orders eased just 0.1% (-11.9% y/y).
Shipments of durable goods declined 0.9% (+0.5% y/y) following a 1.5% rise. Shipments excluding transportation fell 0.7% (-2.0% y/y). Order backlogs of durable goods fell 0.4% (-1.6% y/y) and less transportation they eased 0.4% (-1.6% y/y). Durable goods inventories fell 0.3% (-1.6% y/y), and excluding transportation they also were off 0.3% (-2.9% y/y.
The durable goods figures are available in Haver's USECON database. The Action Economics consensus forecast figure is in the AS1REPNA database.
|Durable Goods NAICS Classification||Feb||Jan||Dec||Feb Y/Y||2015||2014||2013|
|New Orders (SA, %)||-2.8||4.2||-4.6||1.8||-3.3||6.8||2.2|
|Total Excluding Transportation||-1.0||1.2||-0.7||-0.5||-2.5||7.2||0.1|
|Nondefense Capital Goods||-7.5||20.5||-14.0||-3.7||-10.2||6.6||2.8|