- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
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|