- US: IIP (Q4)
- Zambia: BOP (Q4); Israel: Credit Card Purchases (Feb); UAE: CPI (Feb); Saudi Arabia: GDP (Q4-Prelim)
- Hungary: Employment (Feb); Bulgaria: Business Survey (Mar); Kazakhstan: Consolidated Budget (Feb)
- Sweden: Consumer Confidence, Business Tendency Survey, Public Finance (Mar); Iceland: PPI (Feb)
- Spain: Mortgage Market (Jan), Order Book Forecast (Mar)
- Italy: ISTAT Business & Consumer Survey (Mar)
- more updates...
Economy in Brief
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...
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...
by Tom Moeller November 3, 2016
Manufacturing sector orders improved 0.3% during September following a 0.4% increase in August, revised from 0.2%. Three month growth rose to 8.4%. New orders for durable goods declined 0.3% (+1.4% y/y), which was revised from the advance report of a 0.1% easing. A 0.9% decline (+2.2% y/y) in orders for computers & electronic products was offset by a 1.1% rise (-6.1% y/y) in machinery orders. Orders for nondurable goods (which equal shipments) also offset the declines with a 0.9% increase (-0.1% y/y). Petroleum refinery shipments led the strength with a 4.6% jump (-5.0% y/y). Basic chemical shipments increased 0.8% (0.2% y/y). Food product shipments improved 0.1% (0.4% y/y). These gains were countered by a 1.8% decline (-2.9% y/y) in textile product shipments and a 2.0% drop (+3.4% y/y) in apparel shipments. Shipments of durable goods gained 0.8% (-1.1% y/y), led by a 2.2% recovery in transportation equipment shipments (-1.3% y/y).
Unfilled orders fell 0.4% (-1.6% y/y), the fourth consecutive monthly decline. It reflected a 0.6% drop (-2.6% y/y) in transportation sector backlogs. Offsetting the decline was a 1.8% rise (5.9% y/y) in unfilled orders in the furniture industry. Electrical equipment & appliance backlogs rose 0.3% (5.3% y/y), and unfilled orders for machinery ticked 0.1% higher (-6.1% y/y).
Inventories of manufactured products were little changed (-1.9% y/y) after a 0.1% rise. Transportation product inventories also remained unchanged (-1.3% y/y), while computer & electronic product inventories eased 0.2% (-0.1% y/y). To the upside, machinery inventories increased 0.4% (-3.1% y/y) and electrical equipment & appliance inventories rose 0.6% (-2.0% y/y).
The factory sector figures are available in Haver's USECON database.
|Factory Sector- NAICS Classification (%)||Sep||Aug||Jul||Sep Y/Y||2015||2014||2013|