- Kazakhstan: GDP by Income, Labor Productivity Index (Q4), Loans & Deposits, Monetary Aggregates, Banking System Surveys (Mar)
- Japan: Index of Business Conditions (Feb-Final), Electric Power Generated (Jan)
- Spain: Services Sector Activity, New Orders and Turnovers (Feb)
- Finland: PPI, Domestic Supply Prices (Mar)
- US: NABE Business Conditions Survey (Q1)
- Indonesia: Non-Oil and Gas Trade (Feb); Taiwan: Labor Market (Mar)
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller October 5, 2016
Manufacturing sector orders improved 0.2% (-1.6% y/y) during August following a 1.4% increase, revised from 1.9%. The rise reflected a 0.1% improvement (-1.1% y/y) in orders for durable goods, which was unrevised from the advance report. Transportation equipment orders increased 0.7% (-1.5% y/y), but machinery orders fell by a like amount (-7.9% y/y). New orders for nondurable goods, which equal shipments, improved 0.2% (-2.1% y/y). Petroleum refinery shipments gained 0.4% (-16.2% y/y) while chemical shipments were little changed both m/m and y/y. Apparel shipments increased 0.4% (5.0% y/y) and food product shipments rose 0.1% (0.5% y/y).
Shipments of durable goods eased 0.2% (-2.0% y/y) as transportation equipment shipments fell 0.9% (-3.5% y/y). Computer & electronic product shipments improved 0.2% (3.3% y/y). Electrical equipment and appliance shipments gained 0.3% (-4.6% y/y), and furniture shipments gained 0.3% (1.6% y/y).
Unfilled orders fell 0.1% (-2.1% y/y), the third straight monthly decline. Backlogs of machinery declined 0.3% (-6.9% y/y), down in all but one month this year. Computer backlogs rose 0.2% (5.1% y/y) while electrical equipment backlogs improved 0.4% (5.1% y/y).
Inventories of manufactured products rose 0.2% (-2.2% y/y) for the second straight month. Inventories of finished goods rose 0.3% (-1.7% y/y), but materials & supplies inventories fell 0.4% (-0.9% y/y). Inventories of durable goods rose 0.2% (-2.1% y/y). Nondurable goods inventories rose 0.2% (-2.3% y/y) as basic chemical inventories eased 0.1% (+0.4% y/y). Apparel inventories dropped 0.4% (+7.6% y/y) and petroleum inventories jumped 1.9% (-22.9% 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.
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