New Orders in Durable Goods decreased -3.6% for April 2011, after last month's +4.4% increase, which was significantly revised. New orders dropped $7.1 billion to $189.9 billion in a month. That's not good news and the biggest drop since October 2010.
The April 2011 ISM Manufacturing Survey was released April 1st. PMI dropped 0.8 percent points to 60.4%, from 61.2% in March. This is the 4th month for the manufacturing index to be above 60%. The employment index is at it's highest point in 38 years for the first 4 months of 2011.
The March 2011 ISM Manufacturing Survey was released April 1st. PMI dropped slightly to 61.2%, from a strong 61.4% in February, when the factory index and it's highest level since May 2004. This is the 3rd month for the manufacturing index to be above 60%.
New Orders in Durable Goods decreased -0.9% for February 2011, after last month's +3.6% increase, which was significantly revised. To read why last month's report was not good news, click here.
New Orders in Durable Goods increased +2.7% for January 2011, after last month's -0.4% decrease, which was significantly revised. In spite of the final numbers, this report is not good news. New orders in transportation equipment, which includes non-defense air-o-planes increased 27.6%. Core capital goods new orders decreased -6.9%.
New orders for manufactured goods in June, up four of the last five months, increased $1.4 billion or 0.4 percent to $349.0 billion, the U.S. Census Bureau reported today. This followed a 1.1 percent May increase.
Excluding transportation, new orders increased 2.3 percent. Shipments, up following ten consecutive monthly decreases, increased $4.9 billion or 1.4 percent to $358.3 billion. This followed a 0.8 percent May decrease.
Unfilled orders, down nine consecutive months, decreased $6.5 billion or 0.9 percent to $740.2 billion. This was the longest streak of consecutive monthly decreases since November 2001-July 2002. This followed a 0.3 percent May decrease.
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