July 20, 2023
U.S. factory orders rose +0.3% m/m in May, down -1.1% from a year ago. These numbers are not adjusted for inflation, which was running at +4.1% y/y (CPI) in May. U.S. durable goods orders rose +1.8% m/m in May, up +5.5% from a year ago – in this case, a positive real gain after inflation. […]
June 19, 2023
U.S. factory orders rose +0.4% m/m in April, up just +0.2% from a year ago. Keep in mind these numbers are not adjusted for inflation, and the PCE price index was up +4.4% y/y in April, which indicates a real contraction. US durable goods orders rose +1.1% m/m in April, up +4.2% from a year […]
May 3, 2023
U.S. factory orders rose +0.9% m/m in March (last available), up just 1.4% from a year ago. Keep in mind these numbers are not adjusted for inflation, and the PCE price index was up +4.2% y/y in March, which suggests a real contraction. For Q1 as a whole, order fell -2.1% q/q, up just +2.5% […]
February 4, 2023
U.S. factory orders rose +1.8% m/m in December, up +8.6% from a year ago. Keep in mind these numbers are not adjusted for inflation, and the PCE price index was up +5.0% y/y in December. For Q4 as a whole, orders were flat q/q, up +8.7% from a year before. For 2022 as a whole, […]
January 28, 2023
U.S. factory orders fell -1.8% m/m in November, up +7.3% from a year ago. Keep in mind these numbers are not adjusted for inflation, and the PCE price index was up +5.5% y/y in November. US durable goods orders spiked up +5.6% m/m in December, up +11.9% from a year ago (not adjusting for inflation). […]
December 13, 2022
U.S. factory orders rose +1.0% m/m in October, up +11.1% from a year ago. Note that this number is not adjusted for inflation. US durable goods orders fell -2.1% m/m in November, up +6.7% from a year ago. Again, not adjusted for inflation, so real growth in orders is significantly smaller. Durable goods orders excluding […]