- 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 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|