- Japan: **Japan Tokyo employment index rebased to 2015=100**
- Saudi Arabia: Non-Oil Foreign Trade (Feb); Kuwait: CPI (Mar); Tanzania: BOP, Trade, Depository Corporations Survey, Public Finance (Feb)
- Portugal: OMFIs Balance Sheet (Feb)
- Luxembourg: Employment and Unemployment (Mar)
- Kazakhstan: GDP by Income, Labor Productivity Index (Q4), Loans and Deposits, Monetary Aggregates, Banking System Surveys, Public Finance (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 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|