Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods decreased 0.46 percent (non-annualized) in June and have been down three out of the last four months. On an annual basis, the year-over-year growth rate for total new orders has continued its decrease from 23.8 percent in April 2010 to their current level of 2.47 percent. New orders excluding transportation decreased 1.8 percent, while new orders for durable goods increased 1.3 percent and new orders for nondurable goods decreased 2.0 percent. Nondefense capital goods excluding aircraft orders—considered a leading indicator of business investment spending—decreased 1.7 percent for the month. Shipments of manufactured goods decreased 1.12 percent for the month while unfilled orders increased 0.3 percent for the month. Year-over-year growth for shipments of manufactured goods came in at 2.85 percent in June, down from 4.7 percent in May. Total inventories for all manufacturing industries increased 0.1 percent, increasing the inventory-to-shipments ratio up to 1.29 from 1.27.