The Manufacturers' Shipments, Inventories, and Orders report was released today. This report is called Factory Orders by the press and covers both durable and non-durable manufacturing orders, shipments and inventories. While new orders increased 1.3% from January, the first thing to notice is new orders have recovered to pre-recession levels.
New Orders in Durable Goods, advance report, dropped -4.0% for January 2012. December durable goods new orders jumped by 3.2%, revised. While some will blame a business tax credit expiration, this report is across the board bad news.
New Orders in Durable Goods, advance report, increased +3.0% for December 2011. November durable goods new orders jumped by 4.3% and October was a 0.1% increase. This means for all of Q4, we have an increase in durable goods new orders.
New Orders in Durable Goods decreased -0.7% for October 2011. New Orders has declined the last two months and August was barely breathin'. September durable goods were revised dramatically downward and new orders decreased -1.5%.
The Wholesale Trade Sales & Inventories monthly report shows wholesale sales increased +0.5% from last month, and inventories decreased -0.1%. In August, wholesale inventories revised down to +0.1%. From this time last year, wholesale sales are up 15.0% and inventories have increased 11.9%.
New Orders in Durable Goods decreased -0.1% for August 2011. New Orders has declined the last three months out of five. July durable goods new orders were revised from +4.0% to +4.1% increase.
The Manufacturers’ Shipments, Inventories and Orders for July 2011 was released today. New orders overall increased 2.4%. Removing transportation (which includes aircraft) from the numbers, new orders increased 0.9%, so things aren't as good as they seem. Air-o-plane new orders, not defense, shot up 43.4%.
New Orders in Durable Goods jumped to an astounding 4.0% for July 2011. New Orders has declined the last two months out of four. June durable goods new orders were revised from -2.1% to a -1.3% decrease. But wait.....sorry to pop your balloon....
Business Inventories, or Manufacturing and Trade Sales and Inventories, show a 0.4% increase in sales and an 0.3% increase in inventories for June 2011. Earlier, wholesale inventories, about a third of all inventories, reported earlier, also showed a 0.6% increase for June.
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