Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods decreased 2.4 percent (nonannualized) in July, following an increase of 1.6 percent in June. Year-over-year growth rates for new orders were 1.4 percent, compared to 6.8 percent in June. Excluding transportation, new orders increased 1.2 percent for the month while new orders of durable goods fell 7.4 percent and nondurable goods rose 2.4 percent. Nondefense capital goods excluding aircraft orders decreased 2 percent in July, compared to a 0.9 percent increase in June. Shipments increased 1.1 percent in July, led by an increase in shipments of nondurable goods of 2.4 percent. Unfilled orders and inventories increased 0.4 and 0.2 percent, respectively. The unfilled orders-to-shipments ratio was 6.4, roughly where it has been since late 2009, but still well above the pre-crisis average of 4.3. The inventory-to-shipments ratio was steady at 1.3, roughly where it has been since late 2009.