- 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 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.
|Factory Sector- NAICS Classification (%)||Apr||Mar||Feb||Y/Y||2015||2014||2013|