According to US Census, durable goods new orders are down in February 2011. Econintersect’s analysis is that durable goods are less good – but still up YoY.
New home sales continued to decline in February 2011 to levels not seen in many decades.
Wholesale sales continued expanding YoY in January 2011 – and is one of the few economic indicators that have exceeded its pre-recession peak for the last three months.
The US Census says manufacturing new orders grew 3.1% vs Econintersect’s 2.0%. Whatever this number, new orders are strong against very strong 1Q2010 growth.
Advanced durable goods data for January 2011 indicates a slight improvement over December. There is continuing fluctuation of the transport sector.