Manufactured goods new orders increased 1.4% MoM and 3.3% YoY in August, up from the -1.3% MoM decline in July.

• Capital goods orders jumped 4.7% MoM, heavily impacted by nondefense aircraft orders. Nondefense capital goods (ex-aircraft) orders were up 0.4% MoM and 2.3% YoY.
• Consumer goods new orders were flat and down -0.9% MoM in August with consumer durables up 0.7% MoM and consumer nondurables down -0.2% MoM.
• Manufacturing shipments fell -0.1% MoM in August after a strong 0.9% MoM increase in July with core capital goods shipments down -0.4% MoM (but still up 1.0% YoY).
• Unfilled orders were up 0.6% MoM and 7.7% YoY, but again, this was fueled by nondefense aircraft orders. Core capital goods unfilled orders were up just 0.1% MoM and 0.6% YoY.
• Unfilled orders for computers and related products fell -1.8% MoM, the 3rd straight monthly decline, and were down -10.0% YoY.
• Manufacturing inventories were flat in August and up 1.4% YoY, with inventory growth driven by construction materials up 2.1% YoY and computers & related products up 6.3% YoY.
• Core capital goods inventories were up 2.0% YoY, and consumer goods inventories were only up 0.5% YoY.