Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods increased $8.6 billion or 1.8 percent (nonannualized) in December, following a decrease of 0.3 percent in November. Year-over-year growth rates for new orders continue to decrease from higher levels seen earlier in the recovery, increasing 0.7 percent from last December. Excluding transportation, new orders increased 0.2 percent for the month while the durable goods orders series jumped 4.3 percent and the nondurable goods orders fell 0.3 percent for the month. Nondefense capital goods excluding aircraft orders (considered a leading indicator of business investment spending) decreased 0.3 percent for the month, however its three-month annualized growth rate, 26.5 percent, has been increasing for three consecutive months. Shipments and unfilled orders of manufactured goods increased 0.4 percent and 0.8 percent for the month, respectively. The unfilled orders-to-shipments ratio now rests at 6.12 percent, roughly where it has been since late 2009. Inventories increased slightly to 0.1 percent, with the inventory/sales ratio at 1.27, remaining stable since late 2009.