Economic Reports 06/04/07
Factory Orders Apr +0.3% vs prior +4.1% Full Report
Inside the number: As John Q continues to get squeezed, orders will continue to decelerate. Non durable orders & shipments -0.2%, YTD -1.9%.
Factory orders YTD -0.6%; ex transportation orders +0.7%, YTD -1.1%; ex defense +0.3%, YTD -0.8%.
Durable goods decelerating +0.8% vs prior +5.1%. Computers -13%; Motor Vehicles -3.3%; Ships & Boats -23.4%
Construction machinery -31.5% vs prior +89.3%; YTD -23.3%. Defense aircraft & parts YTD -24.4%
Inside the number: As John Q continues to get squeezed, orders will continue to decelerate. Non durable orders & shipments -0.2%, YTD -1.9%.
Factory orders YTD -0.6%; ex transportation orders +0.7%, YTD -1.1%; ex defense +0.3%, YTD -0.8%.
Durable goods decelerating +0.8% vs prior +5.1%. Computers -13%; Motor Vehicles -3.3%; Ships & Boats -23.4%
Construction machinery -31.5% vs prior +89.3%; YTD -23.3%. Defense aircraft & parts YTD -24.4%
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