May U.S. Factory Orders Surge on Aircraft Demand - Modern Distribution Management

May U.S. Factory Orders Surge on Aircraft Demand

The jump followed an April decline and matched economists’ expectations.
Everett, USA - July 27, 2014: Aircrafts already assembled at the Boeing Plant in Everett, Washington State, last Sunday July 27th, are show here with the vinyl coat on the body before painting completely and getting the final touches prior receiving the customers to pick up their order

New orders for American-made goods rose substantially during May, according to figures released July 3 by the U.S. Commerce Department.

A government report showed that May orders increased 8.2% month-over-month to $642.0 billion, following a 3.9% decrease in April. The increase matched forecasts from economists polled by national media outlets, and was the sharpest increase since 2014.


source: tradingeconomics.com

Year-over-year, U.S. factory orders increased 3.2%.

Monthly shipments edged up 0.1% after a 0.3% April decrease and unfilled orders increased 3.4% after a flat April. Meanwhile, inventories increased 0.1% to $944.1 billion after a 0.1% April dip.

The May inventories-to-shipments ratio was 1.58, unchanged from April.

Within goods orders, orders for durable goods surged 16.4% month-to-month, following a 6.6% April decline. Transportation powered the monthly jump with a 48.3% increase, in which commercial aircraft orders skyrocketed 230.8%. Orders for motor vehicles, parts and trailers rose 0.8% month-to-month; orders for computers and electronic products increased 1.5; orders for electrical equipment, appliances and components improved 0.7%; and machinery orders rose 0.4%.

May orders for non-defense capital goods excluding aircraft increased 1.7% month-to-month.

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