- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Canada: Payroll Employment Earnings & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Brazil: PPI (Mar)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- 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 Sandy Batten June 6, 2016
New factory orders rose 1.9%m/m in April following an upwardly revised 1.7% m/m increase in March. The Action Economics Forecast Survey had anticipated a 2.0% m/m rise for April. Durable goods orders for April (the advance report was released on May 26) were unrevised in today's report, rising 3.4% m/m on top of an upwardly revised 2.0% m/m increase in March. As in the advance report, durable goods orders in April were propelled by an 8.7% m/m surge in orders for transportation equipment, mostly nondefense aircraft (+65.3% m/m).
Besides revisions to the durable goods figures, the new information in this report was on nondurable goods. Those orders increased 0.4% m/m in April following a 1.4% m/m jump in March, their second consecutive monthly increase after eight consecutive monthly decreases.
Shipments of manufactured goods rose 0.5% m/m in April, their second consecutive monthly increase following declines in seven of the previous eight months. The rise in April was spread relatively evenly across durable and nondurable goods. Durable good shipments increased 0.5% m/m while nondurable shipments increased 0.4% m/m.
Unfilled orders jumped 0.6% m/m in April, their largest monthly increase since July 2014. Except for Machinery, all major categories experienced an increase in unfilled orders in April with Primary Metals leading the way with a 1.2% m/m rise.
Factory inventories continued to slide, posting their tenth consecutive monthly decline in April, falling 0.1% m/m. Inventories of durable goods, down 0.1% m/m, accounted for the April decline, while inventories of nondurables goods were essentially unchanged.
The factory sector figures are available in Haver's USECON database. The expectations figure from the Action Economics Forecast Survey is available in AS1REPNA.
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