Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods slipped down 0.1 percent (nonannualized) in August, following a 4.1 percent jump-up in July, and rebounding from an 1.3 percent decrease in June (that was revised up from a 2.1 percent drop). Even though the series has decreased in four of the last eight months, its 12-month growth rate improved, rising from 9.5 percent in July to 12.3 percent in August, and is well above its recent low of 6.7 percent in April. Excluding transportation, new orders fell 0.1 percent in August and are only up 7.8 percent over the past year. An important signal of future equipment and software investment—new orders of nondefense capital goods excluding aircraft—rose 1.1 percent in August, following an upwardly revised (but still negative) 0.2 percent decrease. The 6-month annualized growth rate in the series improved to 18.4 percent in August, well above its 12-month growth rate of 8.6 percent. Shipments of durables decreased 0.2 percent in August after a downwardly revised 2.1 percent increase in July, and are up 8.0 percent over the past year. Durables shipments excluding transportation equipment jumped up 1.3 percent during the month and are up 9.2 percent over the past year. Durables inventories continued to swell in August, increasing 0.9 percent.