2017 Economic Calendar
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Factory Orders  
Released On 8/3/2017 10:00:00 AM For Jun, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Factory Orders - M/M change-0.8 %-0.3 %2.7 %0.9 % to 3.3 %3.0 %

Factory orders surged 3.0 percent in June but were skewed higher by a more than doubling in monthly aircraft orders. Excluding transportation equipment, a reading that excludes aircraft, orders actually fell 0.2 percent in the month following a 0.1 decline in May and no change in April. June orders for capital goods (nondefense ex-aircraft) were also weak, unchanged in the month.

Shipments fell 0.2 percent while inventories rose 0.2 percent, lifting the inventory-to-shipment ratio to a less lean 1.38. A major positive in today's report is a 1.3 percent surge in unfilled orders which had been flat but are now getting a lift from transportation equipment as well as capital goods industries including machinery and fabrications.

Turning to nondurable goods, orders slipped 0.3 percent on declines for petroleum and coal. Aircraft are an important part of the factory sector and have been a big plus so far this year, yet outside aircraft the sector is still struggling to get in the air this year.

Consensus Outlook
Factory orders are expected to rise 2.7 percent in June following back-to-back declines of 0.8 and 0.3 percent in May and April. Strength in the advance data on the durables half of this report, up a giant 6.5 percent on an upswing in aircraft orders, will be diluted by flatter results for nondurable goods where prices are weak.

Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month.  Why Investors Care

2017 Release Schedule
Released On: 1/62/33/64/45/46/57/58/39/510/511/312/4
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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