The US economy appears resolute in the face of onslaught of rising rates, pessimism and inflation hitting the American manufacturing sector. Durable goods orders showed an unexpected increase in headline orders while the March increase was revised even higher. More significantly that nondefense capital goods orders excluding aircraft, a proxy for business spending increased 1.4% month-over-month. Durable goods orders rose 1.1% month-over-month in April, much stronger than (consensus -1.0% and following an upwardly revised 3.3% increase (from 3.2%) in March. … Continue reading “US Durable Goods Report Much Stronger Business Spending in April”
US Durable Goods Orders Weaken Further in February
The onslaught of rising rates, pessimism and inflation hit the American manufacturing sector again in February. Durable goods orders showed an unexpected decrease in headline orders while the January decrease was revised even lower. Durable goods orders fell 1.0% month-over-month in February (consensus 1.6%) following a downwardly revised 5.0% decrease (from 4.5%) in January. Excluding transportation, durable goods orders were unchanged month-over-month (consensus 0.3%) following a downwardly revised 0.4% increase (from 0.7%) in January. US Durable Goods February 2023 Source: … Continue reading “US Durable Goods Orders Weaken Further in February”
Durable Orders Rose in 1.0% in October as Business Spending Rebounded
US Durable goods orders increased 1.0% month-over-month in October (consensus +0.4%) following a downwardly revised 0.3% increase (from 0.4%) in September. Business spending rebounded, evidenced by a 0.7% increase in new orders for nondefense capital goods, excluding aircraft, which had declined 0.8% in September. Shipments of these orders were up 1.3% month-over-month in October, which will be a positive input for Q4 GDP forecasts. Excluding transportation, durable goods orders rose 0.5% month-over-month following a downwardly revised 0.9% decline (from -0.5%) in … Continue reading “Durable Orders Rose in 1.0% in October as Business Spending Rebounded”
Durable Orders Unchanged in July with Massive Backlog of $1.126 trillion in Unfilled orders
US durable goods orders were unchanged month-over-month in July ahead of a consensus +0.6%, following an upwardly revised 2.2 percent rise in June. This was the first-time durable goods have not risen in four consecutive months. Excluding transportation, new orders rose 0.3 percent and excluding defense, new orders rose 1.2 percent. Orders for non-defense capital goods excluding aircraft, a proxy for investment in equipment, increased 0.4 percent, easing from a 0.9 percent advance in June. July 2022 US Durable Orders Highlights US … Continue reading “Durable Orders Unchanged in July with Massive Backlog of $1.126 trillion in Unfilled orders”
Durable Orders Surprise Higher with Surge in Transportation Equipment
US durable goods orders rose 1.9% month-over-month in June ahead of a consensus -0.5%, following after a 0.8 percent decrease in May. New orders for transportation equipment surged $4.5 billion or 5.1 percent to $92.7 billion, these new orders for nondefense aircraft and parts have risen for three consecutive months. One of the main components of that transport rise was Boeing who reported earnings today, $BA said they increased 737 production to 31 per month with a backlog of $372 billion … Continue reading “Durable Orders Surprise Higher with Surge in Transportation Equipment”
Surge in Transportation Equipment See US Durable Goods Orders Jump
US durable goods orders rose 2.5 percent in November, following after a 0.4 percent decrease in October. New orders for transportation equipment surged 6.5%, powered by a 34.1% increase in new orders for nondefense aircraft and parts. Total durable goods orders rose 2.5% month-over-month in November (consensus +1.5%). November Durable Goods Orders Highlights US Durables Goods Orders Nov P: 2.5% (exp 1.8%; prev -0.4%) US Durables Ex-Transportations Nov P: 0.8% (exp 0.6%; R prev 0.3%) New orders for primary metals … Continue reading “Surge in Transportation Equipment See US Durable Goods Orders Jump”
US Durable Goods Fell Again In October With Slumping Aircraft Orders
US durable goods orders fell 0.5 percent in October, following after a 0.4 percent decrease in September. Transportation equipment (-2.6 percent), specifically nondefense aircraft and parts (-14.5 percent) and defense aircraft and parts (-21.8 percent). Total durable goods orders rose 1.8% month-over-month in August (consensus +0.6%). October Durable Goods Orders Highlights US Durable Goods Orders Oct P: -0.5% (est 0.2%; prev -0.3%; prevR -0.4%) US Durables Ex-Transportation Oct P: 0.5% (est 0.5%; prev 0.5%; prevR 0.7) Orders declined for … Continue reading “US Durable Goods Fell Again In October With Slumping Aircraft Orders”
US Durable Goods Rise In August With Positive Business Spending Flat
US durable goods orders rose in August, following an upwardly revised 0.5% increase from -0.1% in July. Business spending remained positive with the 0.5% increase in nondefense capital goods orders excluding aircraft.
US Durable Goods Fall In July With Business Spending Flat
US durable goods orders fell in July, first decline in 3 months. However excluding transportation rose. Of note nondefense capital goods orders, excluding aircraft, which is seen as a proxy for business spending were flat after rising 1.0% in June.