Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods fell by 1.2 percent in June, in line with expectations. New orders excluding transportation fell by 1.1 percent, the third consecutive monthly decline. Although overall inventories fell by 0.1 percent, inventories of durable goods rose for the sixth straight month. Following a 4.7 percent increase in May, orders for nondefense capital goods excluding aircraft rose 0.2 percent during the month and are trending at a strong 6 month annualized growth rate of 18.4 percent. Shipments in both durable and nondurable sectors also saw a decline in June, falling at 0.3 and 1.3 percent, respectively. Lastly, unfilled orders fell slightly in June, its first decline in 3 months.