Tag: Durable goods

Income and consumption in January confirm strength of U.S. economy

Personal income and spending both rose by 0.5% in January, the U.S. Department of Commerce reported Friday. The figures indicate the American economy is improving as household income increases and consumers show regained confidence by buying more.   Friday’s figures show a sharp improvement over December, when spending rose by […]

Durable Goods Jump But Not Satisfactorily

      New orders last month for long lasting manufacturing goods turned in the highest increase in 10 months, soothing the fears of an impending recession.   Durable goods for January rose to 4.9 percent after a steep decline of 4.6 percent in December. The increase exceeded most economist’ […]