U.S. July factory orders rose 1.6 pct

Biz.Yahoo/Reuters ^ | September 4, 2003

[Starwind]

U.S. July factory orders rose 1.6 pct Thursday September 4, 9:59 am ET

 WASHINGTON, Sept 4 (Reuters) - U.S. Commerce Department
seasonally adjusted data on U.S. factory orders, shipments and
unfilled  orders.
ORDERS-PCT CHANGES:          July   June   May 
 New Orders                  1.6    1.9    0.3
  Ex-Transportation          2.1    1.3    0.8
  Ex-Defense                 1.9    1.9    0.6
 Manufacturing with                        
  unfilled orders           unch    2.3   -0.1
 Durables                    1.0    2.5   unch
 Primary Metals              2.1   -0.5   -0.7
 General Machinery           1.5    2.7   -0.6
 Computers/Electronics       1.5    3.7    1.7
 Electrical Equipment                      
 Appliances                 unch    2.0   -0.7
 Transport Equipment        -0.8    5.1   -2.3
NonDefense aircraft        -11.6   37.6  -17.9
Defense aircraft           -19.1  -15.2    5.7
Ships/boats                -12.2    8.9   12.2
 NonDurables                 2.4    1.1    0.7
 Computers and related                     
  products                   0.5    3.4   -2.0
 Motor vehicles/parts        5.5    3.3   -0.6
 NonDefense Cap              0.8    3.6   -0.9
 NonDefense Cap                            
  ex aircraft               unch    1.9    1.0
 Defense Cap               -12.2    4.9  -11.0
 Durables NonDefense         1.4    2.6    0.5
 Unfilled-Durables          -0.4    0.3    0.1
  SHIPMENTS-PCT CHANGES:     July   June   May 
 Total                       2.5    1.5    0.4
 Durables                    2.7    1.7    0.2
 Semiconductor shipments   -10.1    0.1    3.4
  INVENTORIES-PCT CHANGES:   July   June   May 
 Total                      -0.5   -0.3   -0.3
 Computers and related                     
  products                  -3.8    2.4   unch
 Motor vehicles and parts   -0.6   -0.9   -0.6
ORDERS-BLNS OF DLRS:          July      June      May
 New Orders                 329.386   324.098   318.144
  Ex-Transportation         277.479   271.793   268.362
  Ex-Defense                320.436   314.511   308.639
 Manufacturing with                                 
  unfilled orders           121.183   121.162   118.454
 Durables                   173.939   172.237   168.007
 Primary Metals              10.820    10.598    10.649
 General Machinery           20.802    20.502    19.971
 Computers/Electronics       29.766    29.328    28.291
 Electrical Equipment                               
 Appliances                   8.388     8.389     8.226
 Transport Equipment         51.907    52.305    49.782
NonDefense aircraft           5.516     6.242     4.536
Defense aircraft              3.172     3.920     4.624
Ships/boats                   1.868     2.127     1.954
 NonDurables                155.447   151.861   150.137
 Computers and related                              
  products                    7.932     7.896     7.640
 Motor vehicles/parts        38.096    36.095    34.946
 NonDefense Cap              57.815    57.351    55.367
 NonDefense Cap                                     
  ex aircraft                54.705    54.728    53.705
 Defense Cap                  7.394     8.417     8.021
 Durables NonDefense        164.989   162.650   158.502
 Unfilled-Durables          485.287   487.360   485.829
  SHIPMENTS-BLNS DLRS:        July      June       May
 Total                      336.923   328.643   323.920
 Durables                   181.476   176.782   173.783
 Semiconductor shipments      5.464     6.076     6.071
  INVENTORIES-BLNS DLRS:      July      June       May
 Total                      440.361   442.666   444.049
 Computers and related                              
  products                    6.049     6.289     6.139
 Motor vehicles and parts    20.260    20.378    20.557
  INVENTORIES/SHIPMENTS RATIO:   July   June
.                                1.31   1.35    
 PREVIOUSLY REPORTED PERCENT CHANGES:
.                July   June    May
 Factory Orders   N/A    1.5    0.3
 Durable Goods    1.0    2.6   unch
  N/A-not available
 FORECAST:
 Reuters survey of economists forecast:
 U.S. July factory orders +0.9 pct
 HISTORICAL COMPARISONS/NOTES:
 US JULY INVENTORIES/SHIPMENTS RATIO LOWEST SINCE MATCHING
1.31 MONTHS IN JAN'00
 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 July durable goods were issued on Aug.
26.

[Starwind]

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

This is the preliminary report for July.

[Starwind]

Fyi...

[TexasNative2000]

Ten bucks says this is reported as a drop. (1.9 % in June to 1.6% in July)

[steveegg]

Ten bucks says this is reported as a drop. (1.9 % in June to 1.6% in July)

You nailed the code.

[The_Victor]

Ten bucks says this is reported as a drop. (1.9 % in June to 1.6% in July)

You nailed the code.

That was my first though too. Start watching the Washington Compost for indications that the recession isn't over.

[Starwind]

News orders slacked off a bit and core capital goods (non-defense ex-aircraft) is unchanged, so no increase in cap ex spending is likely.

I assume the fall off in non-def aircraft is Boeing's orders being deferred.