Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Consumers Spending on Durable Goods
Feb 2, 2004
 Printable format
 Email this Article
 Search

According to the U.S. Commerce Department, consumer spending on durable goods, including appliances, increased 1.8 percent in December 2003, up 1 percent from November.

Americans' incomes, meanwhile, rose by 0.2 percent in December, following a 0.3 percent rise in November. The economy grew at a 4-percent annual rate in the October to December fourth quarter, as consumers spent at a 2.6 percent rate, down from a 6.9-percent growth rate in the third quarter.

Analysts predicted a slowdown in economic growth at the beginning of the fourth quarter, but economists are optimistic that consumer spending -- helped by tax refunds -- is picking up in the current quarter and will help the economy expand at a rate of more than 4 percent.

In the report, income growth in December was on target with analysts' projections, while the spending increase was slightly weaker than the 0.5 percent rise that some economists previously forecast.

Back to Daily News

 

Daily News

...........................................................

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows