Role of capacity utilization as an inflation gauge. List of series that the manufacturers orders report is source data for. Difference between monthly estimates and annual estimates for new orders partial source of monthly volatility. Use of industry data. Explanation and special uses of topical series.
New orders data actual definition and timeliness in contrast to intuition.
Special focus on M3 data as input into estimates for certain investment data. Separate discussion on wholesale trade data. Explanations of merchant and non-merchant wholesale inventories. Detailed discussion of changing role of inventories over the business cycle. How to infer whether accumulation is import driven.