- 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 May 26, 2016
New orders for durable goods jumped 3.4% during April (1.9% y/y) following a 1.9% March increase, revised from 0.8%. A 0.2% April gain had been expected in the Action Economics Forecast Survey. Data were revised back to 2001.
A 64.9% rise (5.1% y/y) in orders for civilian aircraft drove total transportation sector orders 8.9% higher (8.2% y/y). Orders for defense aircraft & parts declined 4.5% (+29.8% y/y) and motor vehicle & parts orders gained 2.9% (4.1% y/y). Excluding the transportation sector altogether, total durable goods orders improved 0.4% (-1.4% y/y) after a 0.1% rise.
Business investment remained soft. Nondefense capital goods orders excluding civilian aircraft eased 0.8% (-5.0% y/y), down for the fifth month in the last six.
A 1.9% decline (-7.1% y/y) in machinery orders exemplified the weakness in capital spending. It was the third consecutive monthly decline. To the upside, orders for electrical equipment, appliances & components improved 0.5% (-8.6% y/y) following three consecutive months of decline, and computer & electronic products orders gained 1.9% (+4.0% y/y). Primary metals orders remained roughly unchanged (-9.2% y/y).
Shipments of durable goods improved 0.6% (-1.2% y/y) after easing 0.8% for two straight months. Shipments excluding transportation gained 0.3% (-1.9% y/y). Unfilled orders for durable goods rose 0.6% (-1.7% y/y), and excluding transportation they rose 0.1% for the third straight month (-0.4% y/y). Inventories declined 0.2% (-2.3% y/y), and they've been falling since June.
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||Apr||Mar||Feb||Apr Y/Y||2015||2014||2013|
|New Orders (SA, %)||3.4||1.9||-3.3||1.9||-2.9||4.8||2.8|
|Total Excluding Transportation||0.4||0.1||-1.5||-1.4||-2.3||3.8||-0.1|
|Nondefense Capital Goods||7.8||-0.1||-7.9||-4.5||-9.6||1.2||4.2|