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

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

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows