Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  February 04, 2013 16:27:18

U.S. - orders in the manufacturing sector in December grew more slowly than expected


The volume of new orders in the U.S. manufacturing sector in December last year grew by 1.8% compared with the revised decline of 0.3% in November, compared with an average estimate market set to grow by about 2.3% in the overall estimates range from -0.3 to +3%. Unexpected slowdown was mainly due to decrease in orders for consumer goods, which exceeded the increase in the construction sector and in the production of PC.

Demand for durable goods in December rose by 4.3% compared to 4.6% in November, led by growth of 12.2% for construction equipment and 6.4% for the PC. Demand for consumer goods fell by 0.3% due to the decline in interest in petrochemicals and coal by 0.6% and a decrease of interest in tobacco by 23.1%.

Orders excluding the volatile transportation sector in December rose by 0.2% compared with the November decline at the same level. Demand excluding military equipment grew by 0.3%.

Orders for goods of a capital nature excluding aircraft and military equipment fell 0.3% from the November growth of 0.2%.

Delivery of goods crediting the balance GDP grew by 0.2%. Total supply of goods in December increased by 0.4%.

Business inventories rose in December by 0.1%.

Car sales in December reached 15.3 million units in annual terms. In January it was 15.2 million.
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