Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  October 04, 2012 16:38:47

U.S. - orders for the manufacturing sector in August fell the most in three years, but less than expected

Orders for the U.S. manufacturing sector in August fell by 5.2%, the biggest drop since February 2009. In July, the decline revised to -2.6%. Market for September allowed for larger decline of 5.9% in the overall estimates range from 1.2 to 8%.
Durable goods orders fell by 13.2%, deliveries in this segment grew by 2.2%.

The main reason for the decline in orders was a total lack of transport aircraft, where orders fell by 101.8%, and a decline in orders of 3.4% in the PC sector and electrical equipment.

Excluding the volatile transportation sector, orders rose in the manufacturing sector by 0.7%.
Orders fuels and coal products rose by 6.9%, orders in the tobacco industry grew by 11.8%.
Capital goods orders excluding aircraft and military transport equipment increased by 1.1% compared to declines of 5.6 or 2.7% in the previous two months.

Delivery of goods qualifying in the calculation of GDP declined by 0.7% compared to a decline of 1.6% in July.

Manufacturing inventories in August rose by 0.6%, deliveries fell 0.3%.
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