Consumer spending tumbles
U.S. demand for expensive goods climbed in September, boosted by higher car and airplane orders.Orders for durable goods increased by 0.8% last month to a seasonally adjusted US$207.81 billion, the Commerce Department said today.The overall 0.8% increase was a surprise. Wall Street expected a decline of 1.1% in overall durables for September.Durables, which are goods […]
Fall out from the financial crisis set to hit retailers this holiday season
Median prices slides to lowest level in four years
Majority continue to build plans that will offer growth and expansion
Fuel, food and shelter prices rise
The UK economy slumped in the third quarter amid the global financial crisis, becoming the latest developed nation to experience an economic contraction.The Office for National Statistics said today that the economy contracted a far-bigger-than-expected 0.5% in the third quarter, compared with zero growth in the second quarter. It is the first time the economy […]
Composite leading index dips 0.2% in September
First gain in five months
Conference Board index plummets to lowest level since 1982