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.