[DMCForum] The economy is falling!!! Run and hide!!!
[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[DMCForum] The economy is falling!!! Run and hide!!!



*The economy: June spending dips sharply

*Consumers cut their spending in June by the largest amount in almost
three years, the Department of Commerce reported today.

Consumer spending fell 0.7 percent in June, compared to a 1-percent
increase in May. It was the first decrease since September 2003, and the
largest decline since September 2001.

Both personal income and disposable income increased a mere 0.2 percent
in June, compared to increases of 0.6 percent and 0.5 percent,
respectively, in May.

After adjusting to remove price changes, consumer spending decreased 0.9
percent in June, compared to an increase of 0.6 percent in May.
Purchases of durable goods fell 5.8 percent in June, compared to an
increase of 3.7 percent the previous month.

Purchases of motor vehicles and parts accounted for most of the June
decrease, as well as for most of the May increase. Purchases of
nondurable goods declined 0.7 percent in June, compared to an increase
of 0.3 percent in May.


Yahoo! Groups Sponsor
ADVERTISEMENT
click here


Yahoo! Groups Links



Home Back to the Home of PROJECT VIXEN 


Copyright ProjectVixen.com. All rights reserved.

Opinions expressed in posts reflect the views of their respective authors.
DMCForum Mailing List Archive  DMCNews Mailing List Archive  DMC-UK Mailing List Archive

This site contains affiliate links for which we may be compensated