Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods decreased 0.8 percent (nonannualized) in June, pulling its 3-month annualized growth rate down to −4.5 percent, from 14.5 percent in May. Year-over-year new order growth rose 12.9 percent compared to 13.1 percent in May. Excluding transportation, new orders edged up 0.1 percent in June and are up 13.4 percent over the past year. However, the 3-month annualized growth rate for new orders excluding transportation, 1.3 percent in June, is markedly down from 13.1 percent in May. Nondefense capital goods excluding aircraft orders rose 1.1 percent. Durable goods orders decreased 1.9 percent while nondurable goods orders were flat (0.0 percent) for June. Shipments of manufactured goods increased 0.2 percent in March, pulling its 3-month annualized growth rate down to -1.0 percent from 11.0 percent in May. Inventory accumulation has slowed increasing only 0.2 percent for the month.