Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods increased 1.2 percent (nonannualized) in April and are now up 18 percent on a year-over-year basis. However, new orders excluding transportation slipped down 0.5 percent in April, following a relatively large 3.8 percent spike in March, and are now up 15.6 percent over the past year. Orders for nondefense capital goods excluding aircraft were flat in April after a 2.3 percent increase in March, yet its 12-month growth rate improved from 6.5 percent to 9.0 percent. Manufacturers’ shipments increased 0.6 percent during the month, while inventories rose 0.5 percent. The I/S ratio for manufactured goods continues to decline from its peak reading of 1.46 months in January 2009, slipping down to 1.24 months in April.