Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods rose 1.7 percent (nonannualized) in January, following a 1.5 percent gain in December. However, excluding transportation, new orders increased just 0.1 percent. Orders for nondefense capital goods excluding aircraft slipped down sharply in January (−4.1 percent), downwardly revised from the advance report on durables which pegged the loss at 2.9 percent. Shipments of manufactured goods lost a little traction in January, increasing just 0.3 percent after an average gain of 1.4 percent over the prior four months. Manufacturers increased their inventories by 0.2 percent in January, reversing a 0.2 percent decline in December. At 1.29 months, the manufacturing inventory-to-shipments ratio is well off its peak of 1.47 reached last January, though it remains slightly elevated from pre-recession levels.