Post by unlawflcombatnt on May 3, 2006 22:21:34 GMT -6
FACTORY ORDERS, 5-3-06
Major Points:
1. Total Factory Orders.
Inventories increased $0.1 bill more than shipments in March
(Inventories increased $3.5 billion, shipments increased $3.4 billion.)
Inventories increased 0.4% in Feb, while shipments DECLINED 1.2% Feb.
(Calc: Feb invent +$1.9 billion, Feb shipment -$1.5 bill)
2 mo: Inventories increased $5.4 billion. Shipments DECLINED 1.5 billion.
2 mo: Inventories increased $6.9 billion > Shipments.
2. Durable Goods
Durable Order increase (includg aircraft)$14.2 billion
Durable Order increase (excldng aircraft) $4.8 billion
Durable Order shipments (Mar) increased $0.6 billion
Durable Good Inventories(Mar) increased $2.6 billion
3. Non-Durable Goods
NonDur Ordr shpmt incr (inclu oil & coal) $2.8 billion (to $36 bill)
NonDur Ordr shpmt incr (only oil & coal ) $2.4 billion
NonDur Ordr shpmt incr (excl oil & coal ) $0.4 billion (0.26%)
March CPI increase 0.4%, therefore,
NonDur Ordr shpmt (Real) (ex oil& coal) -$0.2 billion (-0.14%)
4. Summary:
1. Total Manufacturing Inventories Increased $6.9 billion more than shipments for the combined 2 months of Feb & March.
2. Excluding aircraft, Durable Orders increased only $4.8 billion, or only 2.2% for the month of March.
3. Dur Ordr Shipments decreased $1.5 billion over the combined 2 months of Feb & March
4. Dur Ordr Inventories inventories $5.4 billion over the combined 2 months of Feb & March. Inventories increased $6.9 billion more than Shipments over those 2 months.
5. Excluding Oil & Coal, Nondurable goods Shipments declined $0.2 billion in March
5. Conclusion:
Total factory goods production (both durable & non-durable) is exceeding delivery of goods. Or to put it another way, production is exceeding deliveries of product. Inventories of durable goods increased $2 billion more than shipments in March. Excluding oil & coal deliveries, Nondurable Goods shipments actually declined $0.2 billion in inflation-adjusted dollars, or 0.14%. (March increase of 0.26 in current dollars, March CPI increase of 0.4%)
Even with record levels of consumer deficit spending, goods production is exceeding delivery, and inventories are rising.
The direct link to the Census Bureau report is www.census.gov/indicator/www/m3/index.htm
Below is a copy of the report.
www.census.gov/indicator/www/m3/index.htm
New orders for manufactured goods in March, up five of the last six months, increased $17.0 billion or 4.2 percent to $419.6 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.4 percent February increase. Shipments, up five of the last six months, increased $3.4 billion or 0.8 percent to $408.0 billion. This followed a 1.2 percent February decrease. Unfilled orders, up ten of the last eleven months, increased $18.9 billion or 2.9 percent to $662.6 billion. This was at the highest level since the series began and followed a 1.1 percent February increase. The unfilled orders-to-shipments ratio was 4.39, up from 4.30 in February. Inventories, up six of the last seven months, increased $3.5 billion or 0.7 percent to $477.1 billion. This followed a 0.4 percent February decrease. The inventories-to-shipments ratio was 1.17, unchanged from February.
New Orders
New orders for manufactured durable goods in March, up five of the last six months, increased $14.2 billion or 6.5 percent to $231.8 billion, revised from the previously published 6.1 percent increase. This was at the highest level since the series began and followed a 3.5 percent February increase.
New orders for manufactured nondurable goods increased $2.8 billion or 1.5 percent to $187.8 billion.
Shipments
Shipments of manufactured durable goods in March, up five of the last six months, increased $0.6 billion or 0.3 percent to $220.3 billion, unchanged from the previously published increase. This followed a 0.6 percent February increase.
Shipments of manufactured nondurable goods, up five of the last six months, increased $2.8 billion or 1.5 percent to $187.8 billion. This increase was led by petroleum and coal products, which increased $2.4 billion or 7.1 percent to $36.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in March, up ten of the last eleven months, increased $18.9 billion or 2.9 percent to $662.6 billion, revised from the previously published 2.8 percent increase. This was at the highest level since the series began and followed a 1.1 percent February increase.
Inventories
Inventories of manufactured durable goods in March, up six of the last seven months, increased $2.6 billion or 0.9 percent to $290.1 billion, revised from the previously published 0.7 percent increase. This followed a 0.4 percent February decrease.
Inventories of manufactured nondurable goods, up three of the last four months, increased $0.8 billion or 0.4 percent to $187.1 billion. This increase was led by chemical products, which increased $0.6 billion or 1.1 percent to $56.9 billion.
By stage of fabrication, March materials and supplies increased 1.2 percent in durable goods and 0.2 percent in nondurable goods. Work in process increased 1.3 percent in durable goods and decreased 0.1 percent in nondurable goods. Finished goods increased 0.2 percent in durable goods and 0.7 percent in nondurable goods.
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Released May 3, 2006. Note: All figures in text are in seasonally adjusted current dollars. The advance report on durable goods for April is scheduled for May 24, 2006 at 8:30 a.m. and the full report on June 2, 2006 at 10:00 a.m. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
Our internet address is: www.census.gov/m3
Major Points:
1. Total Factory Orders.
Inventories increased $0.1 bill more than shipments in March
(Inventories increased $3.5 billion, shipments increased $3.4 billion.)
Inventories increased 0.4% in Feb, while shipments DECLINED 1.2% Feb.
(Calc: Feb invent +$1.9 billion, Feb shipment -$1.5 bill)
2 mo: Inventories increased $5.4 billion. Shipments DECLINED 1.5 billion.
2 mo: Inventories increased $6.9 billion > Shipments.
2. Durable Goods
Durable Order increase (includg aircraft)$14.2 billion
Durable Order increase (excldng aircraft) $4.8 billion
Durable Order shipments (Mar) increased $0.6 billion
Durable Good Inventories(Mar) increased $2.6 billion
3. Non-Durable Goods
NonDur Ordr shpmt incr (inclu oil & coal) $2.8 billion (to $36 bill)
NonDur Ordr shpmt incr (only oil & coal ) $2.4 billion
NonDur Ordr shpmt incr (excl oil & coal ) $0.4 billion (0.26%)
March CPI increase 0.4%, therefore,
NonDur Ordr shpmt (Real) (ex oil& coal) -$0.2 billion (-0.14%)
4. Summary:
1. Total Manufacturing Inventories Increased $6.9 billion more than shipments for the combined 2 months of Feb & March.
2. Excluding aircraft, Durable Orders increased only $4.8 billion, or only 2.2% for the month of March.
3. Dur Ordr Shipments decreased $1.5 billion over the combined 2 months of Feb & March
4. Dur Ordr Inventories inventories $5.4 billion over the combined 2 months of Feb & March. Inventories increased $6.9 billion more than Shipments over those 2 months.
5. Excluding Oil & Coal, Nondurable goods Shipments declined $0.2 billion in March
5. Conclusion:
Total factory goods production (both durable & non-durable) is exceeding delivery of goods. Or to put it another way, production is exceeding deliveries of product. Inventories of durable goods increased $2 billion more than shipments in March. Excluding oil & coal deliveries, Nondurable Goods shipments actually declined $0.2 billion in inflation-adjusted dollars, or 0.14%. (March increase of 0.26 in current dollars, March CPI increase of 0.4%)
Even with record levels of consumer deficit spending, goods production is exceeding delivery, and inventories are rising.
The direct link to the Census Bureau report is www.census.gov/indicator/www/m3/index.htm
Below is a copy of the report.
www.census.gov/indicator/www/m3/index.htm
New orders for manufactured goods in March, up five of the last six months, increased $17.0 billion or 4.2 percent to $419.6 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.4 percent February increase. Shipments, up five of the last six months, increased $3.4 billion or 0.8 percent to $408.0 billion. This followed a 1.2 percent February decrease. Unfilled orders, up ten of the last eleven months, increased $18.9 billion or 2.9 percent to $662.6 billion. This was at the highest level since the series began and followed a 1.1 percent February increase. The unfilled orders-to-shipments ratio was 4.39, up from 4.30 in February. Inventories, up six of the last seven months, increased $3.5 billion or 0.7 percent to $477.1 billion. This followed a 0.4 percent February decrease. The inventories-to-shipments ratio was 1.17, unchanged from February.
New Orders
New orders for manufactured durable goods in March, up five of the last six months, increased $14.2 billion or 6.5 percent to $231.8 billion, revised from the previously published 6.1 percent increase. This was at the highest level since the series began and followed a 3.5 percent February increase.
New orders for manufactured nondurable goods increased $2.8 billion or 1.5 percent to $187.8 billion.
Shipments
Shipments of manufactured durable goods in March, up five of the last six months, increased $0.6 billion or 0.3 percent to $220.3 billion, unchanged from the previously published increase. This followed a 0.6 percent February increase.
Shipments of manufactured nondurable goods, up five of the last six months, increased $2.8 billion or 1.5 percent to $187.8 billion. This increase was led by petroleum and coal products, which increased $2.4 billion or 7.1 percent to $36.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in March, up ten of the last eleven months, increased $18.9 billion or 2.9 percent to $662.6 billion, revised from the previously published 2.8 percent increase. This was at the highest level since the series began and followed a 1.1 percent February increase.
Inventories
Inventories of manufactured durable goods in March, up six of the last seven months, increased $2.6 billion or 0.9 percent to $290.1 billion, revised from the previously published 0.7 percent increase. This followed a 0.4 percent February decrease.
Inventories of manufactured nondurable goods, up three of the last four months, increased $0.8 billion or 0.4 percent to $187.1 billion. This increase was led by chemical products, which increased $0.6 billion or 1.1 percent to $56.9 billion.
By stage of fabrication, March materials and supplies increased 1.2 percent in durable goods and 0.2 percent in nondurable goods. Work in process increased 1.3 percent in durable goods and decreased 0.1 percent in nondurable goods. Finished goods increased 0.2 percent in durable goods and 0.7 percent in nondurable goods.
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Released May 3, 2006. Note: All figures in text are in seasonally adjusted current dollars. The advance report on durable goods for April is scheduled for May 24, 2006 at 8:30 a.m. and the full report on June 2, 2006 at 10:00 a.m. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
Our internet address is: www.census.gov/m3