U.S. Sept factory orders rose 0.5 pct

Biz.Yahoo/Reuters ^ | November 5, 2003

[Starwind]

U.S. Sept factory orders rose 0.5 pct
Wednesday November 5, 10:02 am ET

   WASHINGTON, Nov 5 (Reuters) -  U.S. Commerce Department
seasonally adjusted data on U.S. factory orders, shipments and
unfilled  orders.
ORDERS-PCT CHANGES:          Sept   Aug    July
 New Orders                  0.5   -0.3    2.0
  Ex-Transportation          0.6   -0.1    2.4
  Ex-Defense                 1.5   -1.2    2.2
 Manufacturing with                        
  unfilled orders           -0.4    1.4    0.7
 Durables                    1.1   -0.1    1.6
 Primary Metals             -3.2    1.1    2.7
 General Machinery           1.0   -0.4    3.4
 Computers/Electronics       3.6    1.9    2.6
 Electrical Equipment                      
 Appliances                  1.7    1.0   -0.6
 Transport Equipment         0.1   -1.8   -0.2
NonDefense aircraft         -3.9  -11.6  -11.0
Defense aircraft             1.6   10.7  -18.5
Ships/boats                -61.8  114.3  -12.2
 NonDurables                -0.2   -0.6    2.4
 Computers and related                     
  products                   0.3    1.5    3.5
 Motor vehicles/parts        7.8   -7.0    6.1
 NonDefense Cap              4.1   -1.6    1.5
 NonDefense Cap                            
  ex aircraft                4.7   -0.2    0.5
 Defense Cap               -26.9   36.0  -11.3
 Durables NonDefense         3.0   -1.7    2.1
 Unfilled-Durables           0.1    0.8   -0.3
  SHIPMENTS-PCT CHANGES:     Sept   Aug    July
 Total                       1.4   -1.7    2.6
 Durables                    2.7   -2.5    2.8
 Semiconductor shipments    -8.2   19.9  -12.8
  INVENTORIES-PCT CHANGES:   Sept   Aug    July
 Total                      -0.4   -0.3   -0.4
 Computers and related                     
  products                   0.1    1.7   -3.2
 Motor vehicles and parts   -1.6    0.4   -0.4
ORDERS-BLNS OF DLRS:        Sept         Aug      July
 New Orders                 331.057   329.401   330.551
  Ex-Transportation         279.735   278.153   278.351
  Ex-Defense                322.274   317.667   321.517
 Manufacturing with                                 
  unfilled orders           123.297   123.746   122.062
 Durables                   176.843   174.912   175.064
 Primary Metals              10.646    11.000    10.885
 General Machinery           21.320    21.102    21.191
 Computers/Electronics       31.762    30.663    30.085
 Electrical Equipment                               
 Appliances                   8.570     8.429     8.342
 Transport Equipment         51.322    51.248    52.200
NonDefense aircraft           4.721     4.912     5.555
Defense aircraft              3.593     3.537     3.196
Ships/boats                   1.528     4.004     1.868
 NonDurables                154.214   154.489   155.487
 Computers and related                              
  products                    8.319     8.297     8.171
 Motor vehicles/parts        38.401    35.631    38.303
 NonDefense Cap              59.577    57.229    58.188
 NonDefense Cap                                     
  ex aircraft                57.464    54.907    55.017
 Defense Cap                  7.426    10.157     7.468
 Durables NonDefense        168.060   163.178   166.030
 Unfilled-Durables          490.759   490.036   485.959
  SHIPMENTS-BLNS DLRS:      Sept         Aug      July
 Total                      336.164   331.676   337.248
 Durables                   181.950   177.187   181.761
 Semiconductor shipments      5.830     6.352     5.296
  INVENTORIES-BLNS DLRS:    Sept         Aug      July
 Total                      437.768   439.632   440.767
 Computers and related                              
  products                    6.197     6.192     6.088
 Motor vehicles and parts    20.049    20.366    20.290
  INVENTORIES/SHIPMENTS RATIO:   Sept   Aug 
                              1.30   1.33    
 PREVIOUSLY REPORTED PERCENT CHANGES:
.                Sept    Aug   July
 Factory Orders   N/A   -0.8    2.0
 Durable Goods    0.8   -0.1    1.6
  N/A-not available
 FORECAST:
 Reuters survey of economists forecast:
 U.S. Sept factory orders +0.6 pct
HISTORICALS/NOTES:
US SEPT INVENTORIES/SHIPMENTS RATIO LOWEST ON RECORD
The inventories/shipments ratio is a measure of the number of
months it takes to deplete inventories at the current pace of
shipments.
 General machinery includes groups such as industrial, farm,
construction, mining and metalworking.
 Initial orders for September durable goods were issued on
Oct. 28.

[Starwind]

The full Commerce Dept report (.pdf) is at Manufacturers' Shipments, Inventories, and Orders: September 2003

[Starwind]

Fyi...

[zencat]

Excluding defense, up 1.5%. Not bad.

[Starwind]

Excluding defense, up 1.5%. Not bad.

Unimpressive really. Factory orders had 1 good bump up in July (from June and earlier) but have essentially flatlined since. This report does not 'justify' GDP growth of 7.2%