Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods increased 2.4 percent (nonannualized) in July, pulling its 3-month annualized growth rate up to 10.8 percent, from −2.8 percent in June. Year-over-year new order growth rose 13.9 percent compared to 13.5 percent in June. Excluding transportation, new orders inched up 0.9 percent in July and are up 14.7 percent over the past year. The 3-month annualized growth rate for new orders excluding transportation rebounded slightly from its slow 2.3 percent growth in June, increasing to 5.4 percent in July. Nondefense capital goods excluding aircraft orders fell 0.9 percent. Durable goods orders rose 4.1 percent while nondurable goods orders added 1.0 percent in July. Shipments of manufactured goods grew 1.6 percent in July, pulling its 3-month annualized growth rate up from 0.6 percent in June to 9.0 percent. Inventory accumulation continued to recent slow pace, increasing just 0.5 percent in July and 6.6 percent over the past three months, well below its 12.8 percent pace since last July.