US Durable Goods Orders Dec P: 0.2% (est 1.0%; prevR 1.2%; prev 1.0%)

 


US Durable Goods Orders Dec P: 0.2% (est 1.0%; prevR 1.2%; prev 1.0%)
US Durable Goods Orders Ex Transportation Dec P: 0.7% (est 0.5%; prevR 0.8%; prev 0.4%)
US Cap Goods Orders Nondef Ex-Air Dec P: 0.6% (est 0.5%; prevR 1.0%; prev 0.5%)
US Cap Goods Ship Nondef Ex-Air Dec P: 0.5% (est 0.6%; prev 0.5%)

Dec durable goods new orders come in weaker (headline) for 4th month in a row and below expectations but were able to have their 8th positive month in a row. Excluding transportation, new orders beat estimates up 0.8% m/m with the increase driven by machinery orders up 2.4%. On the other side computers and electronic products saw new orders fall 0.2% and transp new orders were down 1%. Ex-transp and defense orders were up 0.5% m/m. Y/y new orders remain down 7% headline but excluding transp they are down only 0.1% but taking out defense they are down 7.1% y/y.

Shipments stronger up 1.4% (0.4% in Nov) m/m and now down 5% y/y, Ex-transp shipments up 0.8% m/m and ex transp and defense up 1.9%.  

Capital goods orders ex transp and defense (core cap goods orders, proxy for core biz spending) were up 0.6% m/m and are now up 1/8% y/y which is great to see. 



Comments

Post a Comment

Popular posts from this blog

Advanced indicators report for September - Big falloff in exports, imports up, inventories increase ex-autos - Neil's Summary

Image
US Advanced Goods Trade Balance Sep: -$96.3B (est -$88.3B; prev -$87.6B; prevR -$88.2B) US Wholesale Inventories (M/M) Sep P: 1.1% (est 1.0%; prev 1.2%) - Retail Inventories (M/M) Sep: -0.2% (est 0.2%; prev 0.1%; prevR 0.2%) Advance Economic Indicators Report - September 2021 (census.gov) Quick update on the advanced indicators report for September which summarizes first look at imports, exports, and inventories.   Exports - After increasing +0.8% m/m (all numbers m/m unless otherwise noted) on a seasonally adjusted basis in August (revised up from +0.7%) on the back of industrial supplies (+6.6%) and consumer goods (+1.6%), September exports fell by a big -4.7% as all categories other than consumer goods (+4.2%) fell, led by a reversal in last month's leader, industrial supplies (-9.9%) and capital goods (-3.6%).  Exports are up 16.8% y/y. Imports - After increasing +1.0% in August (revised up from +0.8%) led by industrial supplies (+3.6%) and consumer goods (+4.9%), imp...
Read more

Int'l - 2/24/21

Image
 Int'l Update - Date mostly from Briefing.com with some adds. Indices as of 8 am. Never thought about the fact that Japanese government is sitting on big gains in its ETF purchases. Asia Equity indices in the Asia-Pacific region ended the midweek session on a lower note outside of India which finished up strongly. Japan's Nikkei: -1.6% Hong Kong's Hang Seng: -3.0% China's Shanghai Composite: -2.0% India's Sensex: +2.1% South Korea's Kospi: -2.5% Australia's ASX All Ordinaries: -0.9%. In economic data:  - Japan's January BoJ Core CPI -0.3% yr/yr (last -0.3%) - South Korea's March Manufacturing BSI Index 83 (last 84) - Australia's Q4 Construction Work Done -0.9% qtr/qtr (expected 1.0%; last -2.6%). Q4 Wage Price Index 0.6% qtr/qtr (expected 0.3%; last 0.1%); 1.4% yr/yr (expected 1.1%; last 1.4%) - Hong Kong's Q3 GDP 0.2% qtr/qtr, as expected (last 2.8%); -3.0% yr/yr, as expected (last -3.5%) In news: Japan's Finance Minister Aso said that a...
Read more

US Univ. Of Michigan Sentiment Oct F: 71.7 (est 71.4; prev 71.4) - Final UofM consumer confidence comes in around preliminary estimates - Neil's Summar

Image
US Univ. Of Michigan Sentiment Oct F: 71.7 (est 71.4; prev 71.4) - Current Conditions: 77.7 (est 77.9; prev 77.9) - Expectations: 67.9 (est 67.2; prev 67.2) - 1-Year Inflation: 4.8% (est 4.8%; prev 4.8%) - 5-10 Year Inflation: 2.9% (prev 2.8%) Surveys of Consumers (umich.edu) University of Michigan's final estimate of October consumer sentiment came in pretty much in line with the near 9-year lows originally reported.  The overall index ticked up to 71.7 from initial estimate of 71.4 which was down from 72.8 in September.  Future expectations, which fell from 79 to 65 in August, and improved to 68.1 in September, fell back to 67.2 in the first estimate and improved just to 67.9 in the final estimate, the second-lowest reading in a decade (after August).  Current conditions, which fell from 84.5 to 78.5 in August, and improved to 80.1 in September, fell back to 77.9 in the first estimate and fell a little further to 77.7 in the final estimate, the lowest since April 2020....
Read more