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Orders for manufactured durable goods lose a little ground

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(Read caption) 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.

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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.

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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.

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