Tire manufacturers are riding the auto boom to increase production but they continue to lose market share to imports they cannot compete with. Last year tire shipments, which represent the amount of tires sent to customers, crossed 310 million units – the highest in a decade. But production increased […]
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’ […]