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New Factory Orders Soared in June due to Strong Aircraft Sales

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The Census Bureau said that new factory orders rose by 3.0 percent in June, up from $467.1 billion to $481.1 billion, rebounding from 0.3 percent declines in both April and May. This was the highest level since October 2014. Nonetheless, the bulk of that increase stemmed from a jump in nondefense aircraft and parts orders, up from $11.0 billion to $25.3 billion, likely centering around the International Paris Air Show. As a result, durable goods orders leapt 6.4 percent for the month, but edged up by just 0.1 percent with transportation equipment excluded. At the same time, nondurable goods orders were off by 0.3 percent in June, declining for the second straight month. Overall, new factory orders – which have struggled mightily over the past couple years – have largely trended in the right direction more recently, up 9.8 percent since June 2016. Excluding transportation, the gains were a still-healthy 6.9 percent year-over-year. Read More

A Large Jump in Nondefense Aircraft Sales Boosted Durable Goods Orders in June

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The Census Bureau said that growth in new durable goods orders leapt 6.5 percent, up from $230.7 billion in May to $245.6 billion to June, rebounding from declines in both April and May. This was the highest level since July 2014’s all-time high of $290.7 billion. Nonetheless, the bulk of that increase stemmed from a jump in nondefense aircraft and parts orders (up from $11.0 billion in May to $25.3 billion in June), likely centering around the International Paris Air Show. Excluding transportation equipment, new durable goods orders were up by 0.2 percent in June, extending the 0.6 percent gain seen in May. New durable goods orders have generally trended in the right direction over the course of the past 12 months. New durable goods have soared 16.1 percent since June 2016, but excluding transportation, the year-over-year gain was a still quite healthy 6.8 percent.   Read More

Factory Orders Declined in May for the Second Straight Month

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The Census Bureau reported that new factory orders declined for the second straight month, down 0.8 percent in May, pulling back once again from March’s fastest pace since November 2014. Durable and nondurable goods orders both fell 0.8 percent in May. Yet, much of that decline for durable goods stemmed largely from sharp decreases in defense and nondefense aircraft orders, which can often be quite volatile from month to month. Excluding transportation, manufactured goods orders declined 0.3 percent, but durable goods excluding transportation increased 0.3 percent. Nonetheless, new factory orders, which have struggled mightily over the past few years, have trended largely in the right direction more recently, up 4.2 percent since May 2016. Excluding transportation, the gains were slightly larger, up 5.5 percent year-over-year. Read More

New Durable Goods Orders Fell for the Second Straight Month in May

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The Census Bureau reported that growth in new durable goods orders fell for the second straight month in May, down 1.1 percent. New orders decreased from $230.7 billion in April to $228.2 billion in May. Much of the decline in May stemmed from a drop in defense and nondefense aircraft and parts, down 30.8 percent and 11.7 percent, respectively, which can often be quite volatile from month to month. Excluding transportation, new orders for durable goods edged up 0.1 percent from $152.6 billion to $152.8 billion. Despite the weaker overall data in this release, new durable goods orders have trended generally in the right direction across the past 12 months, growing modestly. New durable goods have risen 2.7 percent since May 2016, but excluding transportation, the year-over-year gain was a more robust 5.5 percent. Read More

Factory Orders Drifted Lower in April but Sustained Strong Year-Over-Year Gains

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The Census Bureau said that new factory orders edged down 0.2 percent in April, pulling back slightly from March’s fastest pace since November 2014. Much of that decline stemmed largely from a decrease in nondefense aircraft orders, down 9.1 percent, which can often be quite volatile from month-to-month. Excluding transportation, manufactured goods orders were up 0.2 percent. Durable goods orders fell by 0.8 percent, or off by 0.5 percent with transportation equipment excluded. In contrast, nondurable goods orders were up by 0.4 percent. Nonetheless, new factory orders – which have struggled mightily over the past couple years – have largely trended in the right direction more recently, up 3.8 percent since April 2016. Excluding transportation, the gains were slightly larger, up 6.0 percent year-over-year. Read More

New Durable Goods Orders Declined in April, Ending Four Straight Months of Gains

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The Census Bureau said that growth in new durable goods orders declined 0.7 percent in April, ending four straight months of gains. New orders fell from $232.7 billion in April to $231.2 billion in March. With that said, much of the decrease in April stemmed from a drop in nondefense aircraft and parts orders, down 9.2 percent, which can often be quite volatile from month-to-month. Excluding transportation, new orders for nondurable goods were off by 0.4 percent, down from $153.3 billion to $152.7 billion. Despite the weaker data in this release, new durable goods orders have generally trended in the right direction lately after stalling for much of the past two years. New durable goods have edged up just 0.9 percent since April 2016, but excluding transportation, the year-over-year gain was 4.9 percent. Read More

Factory Orders Rose for the Fourth Straight Month, up to the Highest Level Since November 2014

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The Census Bureau said that new factory orders increased for the fourth straight month even as its growth rate eased from 1.2 percent in February to 0.2 percent in March. With this increase, new orders were at their highest level since November 2014. Yet, much of the gain stemmed from higher defense and nondefense aircraft orders, as noted in the earlier release of preliminary durable goods figures. Excluding transportation, manufactured goods orders were down 0.3 percent, led lower by a decrease of 0.5 percent from nondurable goods firms. Durable goods orders rose by 0.9 percent, but with transportation equipment excluded, sales were essentially stagnant. Nonetheless, new factory orders – which have struggled mightily over the past couple years – have largely trended in the right direction more recently, up 5.8 percent since March 2016. Excluding transportation, the gains were slightly larger, up 6.1 percent year-over-year. Read More

Growth in New Durable Goods Orders Eased in March but Expanded for the Third Straight Month

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The Census Bureau reported that growth in new durable goods orders eased in March but expanded for the third straight month. New orders rose 0.7 percent in March, increasing from $237.1 billion to $238.7 billion, a five-month high. However, significant escalations in defense and nondefense aircraft and parts orders, which can often be quite volatile from month to month, could explain much of the gain in March. Excluding transportation, new durable goods orders declined 0.2 percent for the month, edging down from $155.7 billion to $155.4 billion. Overall, new durable goods demand has continued to trend in the right direction after stalling for much of the past few years. New durable goods orders have increased 4.5 percent since March 2016’s $228.5 billion pace. Read More

New Durable Goods Orders Expanded for the Second Straight Month, Continuing to Show Progress

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The Census Bureau said that new durable goods orders expanded for the second straight month, up 1.7 percent in February after rising by 2.3 percent in January. New orders increased from $231.53 billion in January to $235.39 billion in February, a four-month high. However, much of the gain in February could be explained by a large jump in nondefense aircraft and parts orders, up 47.6 percent, which can often be quite volatile from month-to-month. Excluding transportation, new orders for durable goods rose 0.3 percent for the month, up from $154.41 billion to $154.99 billion. Overall, new durable goods demand has continued to trend in the right direction after stalling for much of the past couple years. New durable goods orders have increased 5.1 percent since February 2016’s $224.08 billion pace; excluding transportation, orders grew 4.6 percent year-over-year, up from $148.14 billion. Read More

Factory Orders Increased for the Second Straight Month in January to Highest Level in 18 Months

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The Census Bureau said that new factory orders increased for the second straight month in January, up 1.2 percent. This was the highest level of new orders since July 2015. A large percentage of that gain stemmed from sizable growth in defense and nondefense aircraft sales, as noted in the earlier release of preliminary durable goods figures. In addition, manufactured goods orders increased 0.4 percent when transportation equipment orders were excluded. More importantly, new factory orders, which have struggled mightily over the past few years, have begun to move in the right direction, up 3.8 percent since January 2016. Excluding transportation, the gains were even larger, up 6.0 percent year-over-year. Read More