Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods increased 0.8 percent (nonannualized) in October, following an increase of 4.5 percent in September. This month’s decrease pulled the near-term trend (three-month annualized growth rate) back into negative territory at −0.1 percent. With exception of two months, the near-term trend has been negative since March 2012. Year-over-year growth rates for new orders increased 3.0 percent, the highest reading since April of this year. Excluding transportation new orders increased 1.3 percent for the month, while the durable goods orders series rose 0.5 percent for the month and its three-month annualized growth rate remains negative at −17.4 percent. Nondefense capital goods excluding aircraft orders—considered a leading indicator of business investment spending—grew 2.9 percent for the month, pulling its three-month annualized growth rate up from −21.1 percent in September to 11.2 percent. Shipments and unfilled orders of manufactured goods increased 0.4 percent and 0.3 percent for the month, respectively. The unfilled orders-to-shipments ratio now rests at 6.25, roughly where it has been since late 2009. Inventories also continue to accumulate at 0.1 percent, however the inventory/sales ratio (1.28) has also remained stable around since late 2009.