Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods decreased 4.0 percent (nonannualized) in March, following an increase of 2.0 percent in February. Year-over-year growth rates for new orders have turned negative (−0.3 percent) for the first time since last August. Excluding transportation, new orders fell 2.0 percent for the month while the durable and nondurable goods orders series declined 5.9 percent and 2.4 percent, respectively. Nondefense capital goods excluding aircraft orders, considered a leading indicator of business investment spending, increased 0.9 percent for the month pulling its three-month annualized growth rate up to 10.4 percent. Shipments and unfilled orders of manufactured goods declined 1.0 and 0.7 percent for the month. The unfilled orders-to-shipments ratio now rests at 6.20, roughly where it has been since late 2009 but still well above the pre-crisis average of 4.3. Inventories were little changed for the month; the inventory/shipments ratio edged up to 1.29, roughly where it has been since late 2009.