Consumer Spending, Orders For Durable Goods Rose In November | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Consumer Spending, Orders For Durable Goods Rose In November

There are two positive economic signals to pass along this morning:

-- The Census Bureau says orders for durable goods rose 0.7 percent in November from October. That follows a 1.1 percent rise in October from September and is the sixth increase in the past seven months.

Durable goods are such things as machinery that are supposed to last for three years or longer. Bloomberg News says this morning's report is a sign that "U.S. companies are planning to expand next year as they look beyond the tax increases and spending cuts slated to take effect."

-- Consumer spending rose 0.4 percent in November from October, the Bureau of Economic Analysis says, and Americans' personal incomes rose 0.6 percent. The Associated Press notes that spending rebounded after being pulled down 0.1 percent in October. That dip was mostly attributed to the disruptions caused by Superstorm Sandy across New Jersey, downstate New York and surrounding regions.

The spending figure is "seasonally adjusted," meaning that it should account for the expected increase due to holiday shopping.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

From Her Dad To Her 'Jamish' Roots, A Poet Pieces Her Story Together

Salena Godden grew up in 1970s England with a Jamaican mom and an absent English-Irish dad. In her memoir, Springfield Road, she looks back on her struggle to find her personal identity.
NPR

If You've Ever Looked For Faces In Your Potato Chips, Thank Myrtle Young

The Potato Chip Lady, aka Myrtle Young, died in August of this year. She was 90. Young became famous after showing her collection of unusually shaped chips to Tonight Show host Johnny Carson in 1987.
NPR

Tennessee's Medicaid Deal Dodges A Partisan Fight

An agreement between the Tennessee Hospital Association and Republican Gov. Bill Haslam expands Medicaid without tax dollars, an agreement that could be a blueprint for other states.
NPR

Die-In, Vortex, Selfie Stick: What's The Word Of 2014?

In January, members of the American Dialect Society will vote on the 2014 Word of the Year. Linguist Ben Zimmer runs through some contenders — including words both old and new.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.