- 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 July 5, 2016
New orders to manufacturers declined 1.0% (-0.2% y/y) during May following a little-revised 1.8% April gain. A 0.9% decline had been expected in the Action Economics Forecast Survey. Durable goods orders fell 2.3%, which was roughly the same as in the advance report, and paced by a sharp drop in transportation sector bookings.
Nondurable goods orders, which equal shipments, improved 0.3% (-4.6% y/y) led by a steady 2.4% increase (-30.7% y/y) in petroleum refinery shipments. Apparel shipments jumped 1.9% (13.6% y/y), but basic chemical shipments were off 0.5% (+3.9% y/y). Durable goods shipments eased 0.2% (+0.2% y/y) led lower by fewer motor vehicle shipments.
Unfilled orders gained 0.2% (-0.9% y/y) as durable goods backlogs increased 0.2% (-0.9% y/y), which was only the second gain this year. The rise was led by a 0.7% increase (5.9% y/y) in computers & electronic products, but electrical equipment backlogs eased 0.3% (+2.5% y/y).
Inventories of manufactured products fell 0.1%, and have been declining steadily since late in 2014. Transportation equipment inventories fell 0.3% (-0.2% y/y). Outside of the transportation sector, inventories eased 0.1% (-3.8% y/y). Electrical equipment inventories remained unchanged (-2.5% y/y). Inventories on nondurable goods improved 0.1% (-4.0% y/y), but there was a one-third y/y drop in the value of petroleum refinery inventories.
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 (%)||May||Apr||Mar||Y/Y||2015||2014||2013|