Tag

shipments Archives - Shopfloor

New Factory Orders Edged Down 0.1 Percent in October, but Year-Over-Year Growth Remains Encouraging

By | Economy, Shopfloor Economics | No Comments

The Census Bureau said that new factory orders edged down 0.1 percent in October, easing off ever-so-slightly after jumping by 1.2 percent and 1.7 percent in both August and September, respectively. In October, nondurable goods orders were up by 0.7 percent, with new sales for durable goods off 0.8 percent. The decline for durable goods in October stemmed largely from significant declines in defense and nondefense aircraft and parts orders, which can often be highly volatile from month to month. (The November numbers should rebound strongly on healthy airplane demand at the Dubai Airshow.) Excluding transportation equipment, new orders were up 0.8 percent in October, rising for the fourth consecutive month.

Overall, new factory orders – which have struggled mightily over the past couple years – have largely trended in the right direction more recently, up nearly 3.7 percent since October 2016, or 6.8 percent with transportation equipment sales excluded.   Read More

Durable Goods Orders Off by 1.2 Percent in October on Aircraft Sales Volatility, Long-Term Trend Remains Favorable

By | Economy, Shopfloor Economics | No Comments

The Census Bureau said that growth in new durable goods orders decreased by 1.2 percent in October, ending two straight months of solid gains in August and September. The decline in October stemmed largely from significant declines in defense and nondefense aircraft and parts orders, which can often be highly volatile from month to month. (The November numbers should rebound strongly on healthy airplane demand at the Dubai Airshow.) Excluding transportation equipment, new durable goods orders were up 0.4 percent, rising for the fourth consecutive month. New durable goods orders have generally trended in the right direction over the course of the past 12 months. New durable goods orders have increased by 1.0 percent since October 2016, but these gains were more sizable when transportation equipment were excluded, up 7.4 percent year-over-year.  Read More

Durable Goods Orders Bounced Back in August, with Strong Year-Over-Year Growth

By | Economy, Shopfloor Economics | No Comments

The Census Bureau said that growth in new durable goods orders increased by 1.7 percent in August, bouncing back somewhat after dropping 6.8 percent in July. This data has been highly volatile over the past three months, largely on large swings in nondefense aircraft and parts orders, which are often bulked together surrounding major trade shows. Excluding transportation equipment, new durable goods orders were up by 0.2 percent in August, easing from the 0.8 percent gain seen in July. New durable goods orders have generally trended in the right direction over the course of the past 12 months. New durable goods have risen 5.1 percent since August 2016, or excluding transportation equipment, the year-over-year gain was 6.1 percent.   Read More

New Factory Orders Soared in June due to Strong Aircraft Sales

By | Economy, Shopfloor Economics | No Comments

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

By | Economy, Shopfloor Economics | No Comments

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

By | Economy, Shopfloor Economics | No Comments

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

By | Economy, Shopfloor Economics | No Comments

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

By | Economy, Shopfloor Economics | No Comments

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

By | Economy, Shopfloor Economics | No Comments

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