Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods increased 1.6 percent (nonannualized) in June, following an increase of 3.0 percent in May. Year-over-year growth rates for new orders have jumped to 6.8 percent (from 0.8 percent in April). Excluding transportation, new orders fell 0.4 percent for the month while new orders of durable goods rose 3.9 percent and nondurable goods fell 0.6 percent. Nondefense capital goods excluding aircraft orders, considered a leading indicator of business investment spending, increased 0.9 percent in June. Shipments decreased 0.4 percent for the month while unfilled orders and inventories of manufactured goods also rose 2.1 percent and 0.1 percent, respectively. The unfilled orders-to-shipments ratio now rests at 6.28, roughly where it has been since late 2009 but still well above the pre-crisis average of 4.3. The inventory-to-shipments ratio remains at 1.30, also roughly where it has been since late 2009.