World Economy Indicators

28 November 2003

Durable goods (October)
More positive news for the US economy, with latest Commerce Department figures showing a 3.3% rise in orders for durable goods (those designed to last upwards of three years) in October. Orders for core capital goods -- a sign of business investment -- rose 1.7%.
    Meanwhile, the Federal Reserve's latest state-of-the-nation Beige Book report noted a "broadly based" upturn, with evidence of improvement in the long-suffering jobs market.

Retail sales (October)
Japanese retailers last month posted the first rise in retail sales for 31 months. October sales were up 0.2% year-on-year, according to the Ministry of Economy, Trade and Industry.

Data sourced from: multiple sources; additional content by WARC staff