13:30 - Dados States
8:30 AM ET, Jun 27, 2007 - 15 minutes ago
U.S. May orders data show broad-based declines
U.S. May civilian aircraft orders fall 22.7%
U.S. May durable-goods inventories rise 0.2%
U.S. May durable-goods shipments rise 0.4%
U.S. April durable-goods orders revised up to 1.1% vs. 0.8%
U.S. May durable-goods orders ex-transportation fall 1.0%
U.S. May core capital equipment orders fall 3%
U.S. May durable-goods orders fall 2.8% vs. -1.7% expected
ECONOMIC REPORT: Capital equipment orders drop 3%; Orders for durable goods fall 2.8% on broad-based weakness
By Rex Nutting, MarketWatch Last Update: 8:31 AM ET Jun 27, 2007
WASHINGTON (MarketWatch) - Orders for U.S.-made investment goods dropped 3% in May, ending a brief rebound in businesses' capital spending, the Commerce Department reported Wednesday.
Orders for all durable goods fell 2.8% in May, led by a hefty 22.7% drop in orders for civilian aircraft. Orders for all sorts of durable goods were weak in May. Only electronics and defense goods recorded an increase.
The 2.8% drop in total orders was weaker than the 1.7% decline expected by economists surveyed by MarketWatch. It was the biggest drop in orders since January.
Orders excluding transportation fell 1%, also the largest decline since January.
The figures throw some cold water on the theory that business investment would be robust enough to power the U.S. economy out of a slow patch that's lasted more than a year. Some other indicators of the factory sector, especially the Institute for Supply Management index, show manufacturing output is strengthening.
The durable-goods orders are very volatile from month to month. So far in the first five months of 2007, orders are up 0.5%. Orders in April were revised higher to a 1.1% gain from 0.8% previously.
The figures are unlikely to have much impact on the debate at the Federal Reserve on Wednesday and Thursday about growth, inflation and interest-rate policy. Analysts are nearly unanimous in predicting that the Federal Open Market Committee will leave its overnight lending target rate unchanged at 5.25%.
Details
Shipments of durable goods rose 0.4%, the weakest since February. Inventories rose 0.2%. Unfilled orders increased 0.8%, with almost all the increase coming from transportation goods.
Orders for core capital equipment goods (excluding both defense goods and civilian aircraft) dropped 3%, the biggest decline since the 4.2% loss in January. Shipments of core capital equipment fell 0.2%.
Orders for transportation goods dropped 6.8%, led by a 22.7% drop in aircraft orders. Boeing Co. reported a very respectable 92 new orders in May, down from 136 in April. Orders for motor vehicles increased 2.3%.
Shipments of transportation goods rose 1.8%, accounting for all the increase in total shipments.
Orders for machinery fell 1.6%, while shipments fell 1.1%
Orders for electronics (excluding semiconductors) rose 1.8%, while shipments (including semiconductors) fell 0.3%. Orders for communications equipment surged 7.6%.
Orders for electrical equipment fell 3.9% while shipments dropped 2.5%.
Orders for fabricated metals fell 1% while shipments rose 0.2%.
Orders for primary metals fell 3.6% while orders increased 2%.
Orders for defense capital goods rose 6.7%, while shipments rose 3%
U.S. May orders data show broad-based declines
U.S. May civilian aircraft orders fall 22.7%
U.S. May durable-goods inventories rise 0.2%
U.S. May durable-goods shipments rise 0.4%
U.S. April durable-goods orders revised up to 1.1% vs. 0.8%
U.S. May durable-goods orders ex-transportation fall 1.0%
U.S. May core capital equipment orders fall 3%
U.S. May durable-goods orders fall 2.8% vs. -1.7% expected
ECONOMIC REPORT: Capital equipment orders drop 3%; Orders for durable goods fall 2.8% on broad-based weakness
By Rex Nutting, MarketWatch Last Update: 8:31 AM ET Jun 27, 2007
WASHINGTON (MarketWatch) - Orders for U.S.-made investment goods dropped 3% in May, ending a brief rebound in businesses' capital spending, the Commerce Department reported Wednesday.
Orders for all durable goods fell 2.8% in May, led by a hefty 22.7% drop in orders for civilian aircraft. Orders for all sorts of durable goods were weak in May. Only electronics and defense goods recorded an increase.
The 2.8% drop in total orders was weaker than the 1.7% decline expected by economists surveyed by MarketWatch. It was the biggest drop in orders since January.
Orders excluding transportation fell 1%, also the largest decline since January.
The figures throw some cold water on the theory that business investment would be robust enough to power the U.S. economy out of a slow patch that's lasted more than a year. Some other indicators of the factory sector, especially the Institute for Supply Management index, show manufacturing output is strengthening.
The durable-goods orders are very volatile from month to month. So far in the first five months of 2007, orders are up 0.5%. Orders in April were revised higher to a 1.1% gain from 0.8% previously.
The figures are unlikely to have much impact on the debate at the Federal Reserve on Wednesday and Thursday about growth, inflation and interest-rate policy. Analysts are nearly unanimous in predicting that the Federal Open Market Committee will leave its overnight lending target rate unchanged at 5.25%.
Details
Shipments of durable goods rose 0.4%, the weakest since February. Inventories rose 0.2%. Unfilled orders increased 0.8%, with almost all the increase coming from transportation goods.
Orders for core capital equipment goods (excluding both defense goods and civilian aircraft) dropped 3%, the biggest decline since the 4.2% loss in January. Shipments of core capital equipment fell 0.2%.
Orders for transportation goods dropped 6.8%, led by a 22.7% drop in aircraft orders. Boeing Co. reported a very respectable 92 new orders in May, down from 136 in April. Orders for motor vehicles increased 2.3%.
Shipments of transportation goods rose 1.8%, accounting for all the increase in total shipments.
Orders for machinery fell 1.6%, while shipments fell 1.1%
Orders for electronics (excluding semiconductors) rose 1.8%, while shipments (including semiconductors) fell 0.3%. Orders for communications equipment surged 7.6%.
Orders for electrical equipment fell 3.9% while shipments dropped 2.5%.
Orders for fabricated metals fell 1% while shipments rose 0.2%.
Orders for primary metals fell 3.6% while orders increased 2%.
Orders for defense capital goods rose 6.7%, while shipments rose 3%