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August 26, 2013

Manufacturing Slightly Weaker

August 26, 2013

Manufacturing Slightly Weaker

Durable Goods Orders  (July 2013)

– New Orders Month/Month -7.3%. Previous was +4.2%

– New Orders Year/Year -0.3 %. Previous was +10.9%

– Ex-transportation Month/Month  -0.6%. Previous was +0.0%

– Ex-transportation Year/Year +5.9 %. Previous was 4.9%.

Overall is bounced around by aircraft orders.  I would look at the Ex-trans and simply say this indicated flat manufacturing which is not exactly surprising.

Dallas Federal Reserve Manufacturing Survey  (August 2013)

– Business Activity Index 5.0. Previous was 4.4  – Production Index 7.3. Previous was  11.4.