- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller September 2, 2016
Manufacturing sector orders increased 1.9% (-3.5% y/y) during July and reversed the prior month's 1.8% fall, revised from -1.5%. The rise reflected a 4.4% increase in orders for durable goods, which was unrevised from the advance report. A near-doubling of civilian aircraft orders paced durables' rise followed by a 20.9% jump in defense aircraft orders. Outside of transportation, orders gained 0.2% (-2.6% y/y). Computer orders rose 3.4% (3.1% y/y) and machinery bookings gained 1.4% (-5.5% y/y). Orders for nondurable goods, which equal shipments, eased 0.5% (-3.7% y/y). A 4.8% decline (-25.4% y/y) in petroleum shipments led the way lower. The value of textile product shipments improved 0.2% (-3.3% y/y) and apparel shipments gained 0.4% (6.7% y/y). Basic chemical product shipments fell 0.2% (+0.4% y/y).
Shipments of durable goods improved 0.1% (-2.3% y/y), held back by a 1.0% decline in (-7.7% y/y) in machinery shipments. This decline was offset by a 1.7% rise (3.9% y/y) in shipments of computers & electronic products. Shipments of electrical equipment & appliances also rose 0.7% (-7.2% y/y).
Unfilled orders eased 0.1% (-2.2% y/y). Outside of the transportation sector, order backlogs increased 0.3% (+0.1% y/y). Machinery backlogs gained 0.1% (-6.8% y/y), and transportation sector backlogs fell 0.3% (-3.2% y/y). Computer & electronic product unfilled orders rose 0.5% (5.7% y/y).
Inventories of manufactured products rose 0.1% (-2.9% y/y). Outside of transportation they also ticked 0.1% higher. Durable goods inventories rose 0.4% (-2.6% y/y). Transportation sector inventories gained 0.4% (-1.3% y/y) and electrical equipment inventories rose 0.9% (-2.8% y/y). Computer & electronic product inventories declined 0.5% (-2.2% y/y). Nondurable goods inventories eased 0.2% (-3.5% y/y) as the value of petroleum inventories fell 2.3% (-31.3% y/y) with lower prices. Basic chemical inventories gained 0.2% (0.7% y/y) and apparel inventories rose 0.3% (9.2% y/y).
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 (%)||Jul||Jun||May||Jul Y/Y||2015||2014||2013|