Durable Goods Orders Rose 0.7% in June, Topping Expectations Amid Lagging Shipments Jul 25, 2014 11:01AM

Durable goods orders rose 0.7 percent to $239.9 billion in June, topping expectations of a 0.5 percent gain.

The U.S. Census Bureau reported that it was the fourth of the last five months for an increase in the reading.

Excluding transportation, new orders increased 0.8 percent, versus a 0.5 percent increase expected by economists.

Shipments of manufactured durable goods in June, up four of the last five months, increased $0.3 billion or 0.1 percent to $238.2 billion. This followed a 0.1 percent May decrease.

Inventories of manufactured durable goods in June, up fourteen of the last fifteen months, increased $1.6 billion or 0.4 percent to $399.7 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 1.0 percent May increase.


June Durable Goods 0.7% vs 0.5% Expected; Ex-Trans 0.8% vs 0.5% Jul 25, 2014 08:30AM

June Durable Goods 0.7% vs 0.5% Expected; Ex-Trans 0.8% vs 0.5%


UPDATE: IMF Cuts Global Growth Outlook to 3.4% Jul 24, 2014 11:08AM

(Updated - July 24, 2014 11:08 AM EDT)

IMF sees 3.4 percent world growth this year, versus 3.6 percent in April.

UPDATE - Some highlights from the updated World Economic Outlook:

• The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent, reflecting both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets. With somewhat stronger growth expected in some advanced economies next year, the global growth projection for 2015 remains at 4 percent.1/

• Global growth is expected to rebound from the second quarter of 2014, as some of the drivers underlying first quarter weakness, such as the inventory correction in the United States, should have only temporary effects, and others should be offset by policies, including in China. But the first-quarter setback will only be partially offset.

• Downside risks remain a concern. Increased geopolitical risks could lead to sharply higher oil prices. Financial market risks include higher-than-expected U.S. long-term rates and a reversal of recent risk spread and volatility compression. Global growth could be weaker for longer, given the lack of robust momentum in advanced economies despite very low interest rates and the easing of other brakes to the recovery. In some major emerging market economies, the negative growth effects of supply-side constraints and the tightening of financial conditions over the past year could be more protracted.

• In many advanced and emerging market economies, structural reforms are urgently needed to close infrastructure gaps, strengthen productivity, and lift potential growth.


UPDATE: IMF Cuts Global Growth Outlook to 3.4% Jul 24, 2014 11:08AM

(Updated - July 24, 2014 11:08 AM EDT)

IMF sees 3.4 percent world growth this year, versus 3.6 percent in April.

UPDATE - Some highlights from the updated World Economic Outlook:

• The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent, reflecting both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets. With somewhat stronger growth expected in some advanced economies next year, the global growth projection for 2015 remains at 4 percent.1/

• Global growth is expected to rebound from the second quarter of 2014, as some of the drivers underlying first quarter weakness, such as the inventory correction in the United States, should have only temporary effects, and others should be offset by policies, including in China. But the first-quarter setback will only be partially offset.

• Downside risks remain a concern. Increased geopolitical risks could lead to sharply higher oil prices. Financial market risks include higher-than-expected U.S. long-term rates and a reversal of recent risk spread and volatility compression. Global growth could be weaker for longer, given the lack of robust momentum in advanced economies despite very low interest rates and the easing of other brakes to the recovery. In some major emerging market economies, the negative growth effects of supply-side constraints and the tightening of financial conditions over the past year could be more protracted.

• In many advanced and emerging market economies, structural reforms are urgently needed to close infrastructure gaps, strengthen productivity, and lift potential growth.


Natural Gas Inventory 90 bcf vs 96 bcf Expected Jul 24, 2014 10:30AM

Natural Gas Inventory 90 bcf vs 96 bcf Expected

Traders are watching United States Natural Gas ETF (NYSE: UNG).


More Economic Data

View Older Stories

Jul 24, 2014 10:00AM June New Home Sales 406K vs 475K Expected, -8.1% vs -5.8% MoM
Jul 24, 2014 09:45AM Markit U.S Manufacturing PMI 56.3 vs 57.5 Expected
Jul 24, 2014 08:30AM Initial Jobless Claims 284K vs 307K Expected
Jul 23, 2014 10:34AM UPDATE: Crude Inventory -4M Barrels vs -2.4M Expected
Jul 23, 2014 10:34AM UPDATE: Crude Inventory -4M Barrels vs -2.4M Expected
Jul 23, 2014 07:01AM MBA Mortgage Applications 2.4% vs -3.6% Prior
Jul 22, 2014 10:00AM June Existing Home Sales 5.04M vs 5M Expected, Up 2.6% vs 1.9% Expected
Jul 22, 2014 09:02AM FHFA May MoM House Price Index 0.4% vs 0.2% Expected
Jul 22, 2014 08:30AM June MoM CPI 0.3% vs 0.3% Expected, Ex-Food and Energy 0.1% vs 0.2%
Jul 18, 2014 10:00AM June Leading Index 0.5% vs 0.3% Expected
Jul 18, 2014 09:55AM UofM Confidence 81.3 vs 83 Expected
Jul 17, 2014 10:30AM Natural Gas Inventory 107 bcf vs 99 bcf Expected
Jul 17, 2014 10:01AM UPDATE: Philadelphia Fed Business Outlook 23.9 vs 16 Expected
Jul 17, 2014 10:01AM UPDATE: Philadelphia Fed Business Outlook 23.9 vs 16 Expected
Jul 17, 2014 08:35AM U.S. Housing Starts at 893K in June, Missing Views as Construction Slumps in the South (XHB)
Jul 17, 2014 08:30AM Initial Jobless Claims 302K vs 310K Expected
Jul 17, 2014 08:35AM U.S. Housing Starts at 893K in June, Missing Views as Construction Slumps in the South (XHB)
Jul 16, 2014 10:32AM UPDATE: Crude Inventory -7.52M Barrels vs -2.1M Expected
Jul 16, 2014 10:32AM UPDATE: Crude Inventory -7.52M Barrels vs -2.1M Expected
Jul 16, 2014 10:00AM NAHB July Housing Market Index 53 vs 50 Expected
Jul 16, 2014 09:15AM June MoM Industrial Production 0.2% vs 0.3% Expected
Jul 16, 2014 09:00AM Net Long-term TIC Flows $19.4B vs $25B Expected
Jul 16, 2014 08:38AM U.S. PPI Rose 0.4% in June, Topping Expectations as Goods and Services Outperformed
Jul 16, 2014 08:38AM U.S. PPI Rose 0.4% in June, Topping Expectations as Goods and Services Outperformed
Jul 16, 2014 07:30AM China GDP Rose 7.5% in Q2, Outpacing Estimates on Investment, Industrial Output (FXI)
Jul 16, 2014 07:00AM MBA Mortgage Applications -3.6% vs 1.9% Prior
Jul 15, 2014 01:31PM Home Appliance Shipments Up 11.3% in June - Bloomberg Citing AHAM (WHR)
Jul 15, 2014 10:00AM May Business Inventories 0.5% vs 0.6%
Jul 15, 2014 08:58AM June Retail Sales Advance 0.2%, Lagging Expectations on Lower Building Material, Food Service Gains
Jul 15, 2014 08:31AM June MoM Import Price Index 0.1% vs 0.4% Expected
Jul 15, 2014 08:30AM Empire Manufacturing 25.6 vs 17 Expected
Jul 15, 2014 08:58AM June Retail Sales Advance 0.2%, Lagging Expectations on Lower Building Material, Food Service Gains
Jul 11, 2014 02:00PM June Monthly Budget $70.5B vs $76.5B expected
Jul 10, 2014 10:30AM Natural Gas Inventory 93 bcf vs 90 bcf Expected
Jul 10, 2014 10:00AM May Wholesale Inventories 0.5% vs 0.6% Expected
Jul 10, 2014 09:45AM U.S. weekly Bloomberg consumer comfort index at 37.6 vs 36.4
Jul 10, 2014 08:30AM Initial Jobless Claims 304K vs 315K Expected
Jul 10, 2014 07:45AM China Exports Showed Lighter-than-Expected Growth in June (FXI)
Jul 9, 2014 10:32AM UPDATE: Crude Inventory -2.37M Barrels vs -1.7M Expected
Jul 9, 2014 10:32AM UPDATE: Crude Inventory -2.37M Barrels vs -1.7M Expected
Jul 9, 2014 07:00AM MBA Mortgage Applications 1.9% vs -0.2% Prior
Jul 8, 2014 03:00PM May Consumer Credit $19.6B vs $20B Expected
Jul 3, 2014 10:00AM June ISM Non-Manf. 56 vs 56.3 Expected
Jul 3, 2014 09:50AM Markit U.S. Services PMI Hits 61.0 in June; Fastest Expansion Pace Since Late 2009
Jul 3, 2014 09:45AM Markit US Services PMI 61 vs 61 Expected
Jul 3, 2014 08:36AM Nonfarm Payrolls Rose 288K in June; Unemployment Rate Drops to 6.1%
Jul 3, 2014 08:31AM Initial Jobless Claims Came in Higher-than-Expected at 315K Last Week
Jul 3, 2014 08:30AM May Trade Balance -$44.4B vs -$45B Expected
Jul 3, 2014 08:36AM Nonfarm Payrolls Rose 288K in June; Unemployment Rate Drops to 6.1%
Jul 2, 2014 10:33AM UPDATE: Crude Inventory -3.16M Barrels vs -2.1M Expected
View Older Stories