- New Zealand: International Trade (Feb)
- Korea: Consumer Survey Index (Mar); Philippines: Public Finance (Jan)
- Weekly: **Initial Claims Data Revisions Completed**
- Euro area: Flash Consumer Confidence Indicator (Mar)
- US: New Residential Sales (Feb)
- Belgium: Business Survey (Mar)
- Uruguay: GDP (Q4)
- more updates...
Economy in Brief
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...
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February...
U.S. FHFA House Price Index Momentum Diminishes
The FHFA U.S. house price index remained unchanged during January following a 0.4% December increase ...
Japan's Trade Trends Turn Sharply Higher
Japan has logged its largest current account surplus since April 2010...
by Tom Moeller December 6, 2016
Manufacturing sector orders jumped 2.7% during October (1.3% y/y) following a 0.6% September gain, revised from 0.3%. Durable goods bookings increased 4.6% (1.8% y/y), revised from the advance estimate of a 4.8% rise. Transportation orders increased 12.0% (5.1% y/y) as orders for nondefense aircraft & parts nearly doubled m/m (26.3% y/y). Orders outside of the transportation sector increased 0.8% (0.5% y/y). Electrical equipment, appliance & component orders increased 1.6% (0.3% y/y), but machinery orders remained steady (-5.5% y/y). Orders for nondurable goods, which equal shipments, improved 0.9% (0.8% y/y), the same as in September. Petroleum refinery shipments jumped 6.2% (0.2% y/y) with higher prices. Textile product shipments increased 1.2% (-1.8% y/y), but apparel shipments eased 0.4% (+3.4% y/y). Basic chemical shipments also were off 0.1% (+1.3% y/y). Shipments of durable goods eased 0.1% and were unchanged y/y. Machinery shipments were steady (-4.7% y/y), and computer & electronic product shipments increased 1.1% (4.0% y/y).
Unfilled orders increased 0.7% (-1.1% y/y) after three straight months of 0.2% decline. Outside of transportation, order backlogs improved 0.2% (0.7% y/y). Unfilled orders for electrical equipment & appliances rose 0.5% (7.2% y/y) while furniture backlogs rose 0.6% (6.3% y/). Unfilled orders for machinery declined 0.2% (-6.7% y/y) for the third straight month.
Inventories of manufactured products remained unchanged (-1.4% y/y) following a 0.1% easing. Outside of transportation, inventories also were unchanged (-1.6% y/y). Durable goods inventories held steady (-1.2% y/y) as machinery inventories declined 0.5% (-2.6% y/y), but transportation equipment inventories rose 0.2% (-0.7% y/y). Nondurable goods inventories rose 0.1% (-1.8% y/y). Apparel inventories gained 0.5% (3.0% y/y) and basic chemical inventories rose 0.4% (0.6% y/y). Food product inventories declined 0.7% (-0.5% y/y).
The factory sector figures are available in Haver's USECON database.
|Factory Sector- NAICS Classification (%)||Oct||Sep||Aug||Oct Y/Y||2015||2014||2013|