- US: Advance Trade & Inventories (Feb)
- Sweden: Retail Trade, PPI, International Trade (Feb); Iceland: CPI (Mar)
- Turkey: International Reserves (Feb); Mauritius: Wage Rate Index, LFS (Q4); Saudi Arabia: Non-Oil Foreign Trade (Jan); Palestine: BOP (Q4); UAE: Fuel Prices (Apr); Israel: Construction Starts & Completions (Q4); South Africa: Construction Survey (Q1); Tanzania: Trade (Q4)
- Brazil: PPI (Feb)
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
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)...
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.
|Factory Sector- NAICS Classification (%)||Aug||Jul||Jun||Aug Y/Y||2015||2014||2013|