- 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 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|