New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $28.2 billion or 5.0 percent to $592.1 billion.
The nation's international trade deficit in goods and services increased to $78.8 billion in July from $73.0 billion in June (revised), as imports increased more than exports.
Total construction activity for July 2024 ($2,162.7 billion) was 0.3 percent (+/-1.0 percent)* below the revised June 2024 ($2,169.0 billion).
July end-of-month inventories were $904.9 billion, up 0.3 percent (+/- 0.2 percent) from last month.
The advance international trade deficit in goods increased to $102.7 billion in July from $96.6 billion in June as exports decreased and imports increased.
+0.8
+0.9
July 2024 end-of-month inventories were $811.4 billion, up 0.8 percent (+/- 0.2%) from last month.
New orders for manufactured durable goods in July, up five of the last six months, increased $26.1 billion or 9.9 percent to $289.6 billion.
Sales of new single-family houses in July 2024 were at a seasonally adjusted annual rate of 739,000. This is 10.6 percent (+/- 16.5%)* above the revised June 2024 estimate of 668,000.
+1.4
+2.1
Advance U.S. selected services total revenue for the second quarter of 2024, adjusted for seasonal variation but not for price changes, was $5,595.8 billion, an increase of 1.4 percent (+/- 0.2 percent) from the first quarter of 2024 and up 6.4 percent (+/- 0.6 percent) from the second quarter of 2023.
Privately-owned housing starts in July 2024 were at a seasonally adjusted annual rate of 1,238,000. This is 6.8 percent (+/- 10.3%)* below the revised June 2024 estimate of 1,329,000.
+0.3
+0.5
U.S. total business end-of-month inventories for June 2024 were $2,567.5 billion, up 0.3 percent (+/- 0.1 percent) from last month. U.S. total business sales were $1,857.9 billion, down 0.1 percent (+/- 0.2 percent)* from last month.
U.S. retail and food services sales for July 2024 were $709.7 billion, an increase of 1.0% (+/-0.5 percent) from the previous month.
Total U.S. Business Applications were 420,802 in July 2024, down 2.1% from June 2024.
June 2024 sales of merchant wholesalers were $661.5 billion, down 0.6 percent (+/- 0.4 percent) from last month. End-of-month inventories were $903.0 billion, up 0.2 percent (+/- 0.2 percent)* from last month.
+65.6*
+65.9
The homeownership rate of 65.6 percent was not statistically different from the rate in the second quarter 2023 (65.9 percent). The homeownership rates, compared to the second quarter 2023, were not statistically different in the Northeast, Midwest, South, and West.
+6.6
+6.3
The rental vacancy rate of 6.6 percent was higher than the rate in the second quarter 2023 (6.3 percent). Compared to second quarter 2023, the rental vacancy rate was higher in the Northeast and South, lower in the Midwest, and not statistically different in the West.
Manufacturing corporations' seasonally adjusted after-tax profits were $200.0 billion for the first quarter of 2024, not statistically different from the fourth quarter of 2023.
-14.2
+4.1
Seasonally adjusted after-tax profits for retail corporations with assets of $50 million and over were $33.8 billion for the first quarter 2024 (the 3 months ending April 30, 2024), down $14.2 (+/- 1.1) billion from fourth quarter 2023 (the 3 months ending January 31, 2024).
