Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods increased 1.2 percent (nonannualized) in December, following a upwardly revised monthly increase in November of 2.2 percent. The 3-month annualized growth rate now rests at 13.5 percent, up from 8.0 in November. Excluding transportation, new orders increased 0.6 percent in December. Durable goods orders increased 3.0 percent while nondurable goods fell 0.4 percent. Nondefense capital goods excluding aircraft orders (considered a leading indicator of business investment spending) rose 3.1 percent for the month, pushing its 3-month annualized growth rate back into positive territory (2.6 percent) following November’s decline (−4.1 percent). Shipments of manufactured goods increased 0.7 percent for the month, while its 3-month annualized growth rate edged up to 5.8 percent. Unfilled orders increased 1.4 percent, while inventories went unchanged with the inventories-to-shipments ratio now at 1.3.