- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Brazil: PPI (Mar); Mexico: Compensation and Productivity (Feb)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- UK: Motor Vehicle Production (Mar)
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller March 6, 2017
Manufacturing sector orders increased 1.2% (5.5% y/y) during January following an unrevised 1.3% December rise. Durable goods orders increased 2.0% (1.6% y/y). Transportation sector orders rebounded 6.2% (-4.2% y/y) with a two-thirds surge in nondefense aircraft & parts. Defense aircraft & parts orders similarly strengthened. Total factory sector orders excluding defense improved 1.0% (5.5% y/y) following a 2.4% gain. Orders outside of the transportation sector increased 0.3% (7.5% y/y). Bookings for computers & electronic products declined 1.9% (+4.0% y/y). Machinery orders improved 0.9% (4.3% y/y), but electrical equipment orders eased 2.6% (+0.9% y/y).
Durable goods shipments remained unchanged (3.9% y/y). Transportation equipment shipments eased 0.2% (+1.5% y/y), auto shipments gained 1.3% (-13.4% y/y). Nondefense aircraft shipments rose 0.3% (-7.3% y/y) and defense aircraft & parts shipments fell 5.6% (-15.4% y/y). Shipments of machinery fell 1.2% (+2.1% y/y), and computer & electronic product shipments jumped 6.0% (8.9% y/y).
Total factory sector shipments gained 0.2% (6.7% y/y). Nondurable goods shipments (which equal orders) improved 0.4% (9.5% y/y). The rise reflected a 2.4% increase (47.1% y/y) in petroleum refinery shipments. Basic chemical shipments were little-changed (5.1% y/y), and textile mill shipments rose 0.7% (3.0% y/y) after three months of strong gains. Food product shipments posted a 0.3% rise (3.6% y/y). Paper product shipments eased 0.7% (+1.7% y/y).
Unfilled orders declined 0.4% (-2.0% y/y) continuing the weak trend of the last year. Transportation sector backlogs fell 0.7% (-3.9% y/y). Outside of the transportation sector, unfilled orders improved 0.4% (2.2 % y/y). Electrical equipment & appliance backlogs increased 0.3% (10.2% y/y) after two months of strong gain. Unfilled orders for computers & electronic products gained 0.4% (4.5% y/y), and machinery order backlogs improved 0.6% (-3.6% y/y).
Inventories in the factory sector edged 0.2% higher in January (0.8% y/y). Outside of the transportation sector, inventories rose 0.3% (1.6% y/y). Durable goods inventories gained 0.1% (-0.7% y/y), but fabricated metals inventories improved 0.2% (-0.2% y/y). Machinery inventories fell 0.2% (-1.1% y/y), but inventories of computers & electronic products increased 0.9% (1.3% y/y). Electrical equipment inventories increased 0.5% (0.1% y/y).
The factory sector figures are available in Haver's USECON database.
Monetary Policy: By Rule, By Committee, or By Both? is the title of Friday's speech by Fed Vice Chairman Stanley Fischer, and it is available here.
|Factory Sector- NAICS Classification (%)||Jan||Dec||Nov||Jan Y/Y||2016||2015||2014|