- 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 September 28, 2016
New orders for durable goods were fairly stable during August (-1.3% y/y) following a 3.6% July increase, revised from 4.4%. A 1.4% decline had been expected in the Action Economics Forecast Survey.
Orders for transportation equipment improved 0.6% (-1.6% y/y) following an 8.9% jump. A 0.7% rise (0.4% y/y) in motor vehicle & parts bookings offset a 9.1% decline in orders for aircraft & parts. Nondefense aircraft & parts orders plunged 21.9% (-39.5% y/y) following a 73.7% jump. Defense aircraft bookings gained 24.2% (15.0% y/y) following a 20.7% rise.
Nondefense capital goods orders declined 4.4% (-11.0% y/y) after a 7.8% increase. Orders excluding aircraft & parts rose 0.6% (-3.1% y/y), about the same as during each of the prior three months.
Primary metals orders increased, with a 0.2% rise (-4.4% y/y) following a 1.2% gain. Fabricated metal orders fell 0.5% (+4.5% y/y) after a 1.5% jump.
Orders for electrical equipment declined 2.5% (-4.5% y/y) and reversed the prior month's 3.7% jump. Machinery orders eased 0.5% (-8.0% y/y) following a 1.0% increase. Orders for computers & electronic products were off 0.2% (+2 .5% y/y) following a 2.5% gain. Computer & related product orders fell 5.8% (-12 .0% y/y) while communications equipment orders gained 1.8% (3.3% y/y).
Shipments of durable goods eased 0.4% (-2.2% y/y) after no change in July. Shipments excluding transportation remained unchanged (-1.4% y/y), about as they have for six months. Unfilled orders eased 0.1% (-2.1% y/y), down for the third straight month. Excluding transportation, unfilled orders improved 0.1% (0.2% y/y) following a 0.2% gain. Inventories of durable goods rose 0.1% (-2.2% y/y) following a 0.4% rise. Outside of the transportation sector, inventories gained 0.3% (-2.3% y/y) as they did during the prior month.
The durable goods figures are available in Haver's USECON database. The Action Economics consensus forecast figure is in the AS1REPNA database.
Supervision and Regulation is the title of today's speech by Fed Chair Janet L. Yellen and it is available here.
|Durable Goods NAICS Classification||Aug||Jul||Jun||Aug Y/Y||2015||2014||2013|
|New Orders (SA, %)||-0.0||3.6||-4.3||-1.3||-2.9||4.8||2.8|
|Total Excluding Transportation||-0.4||1.1||-0.3||-1.1||-2.3||3.8||-0.1|
|Nondefense Capital Goods||-4.4||7.8||-10.9||-11.0||-9.6||1.2||4.2|