Orders for manufactured durable goods lose a little ground

The number of orders for non-defense manufactured goods dropped by 3.6 percent from March, though overall, orders have been increasing since mid-2009

This chart shows the number of orders of non-defense durable goods from 2006 through March 2011. Orders are climbing up slowly, and they are at about the same level seen in late 2008.

SoldAtTheTop

May 26, 2011

Today’s Durable Goods Manufacturers’ Shipments, Inventories and Orders report indicated that total new orders for manufactured durable goods declined 3.6% from March to $189.9 billion while excluding transportation, new orders declined 1.5% to $143,175 billion.

Stripping durable goods orders of defense orders AND non-defense aircraft orders yields an effective measure of orders coming as a direct result of typical discretionary consumer durable goods spending on items such as motor vehicles, furniture, consumer electronic devices and home appliances.

Looking at the latest data for March (less timely data), "discretionary" durable goods orders increased notably jumping 3.72% since February climbing 10.91% above the level seen in March 2010.

Add/view comments on this post.

--------------------------

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.