World Economy Indicators

29 December 2003

Durable goods (November)
Despite recent optimism about the US economy, November orders for durable goods -- those designed to last more than three years -- fell 3.1% compared with the month before to $180.1 billion (€144.6bn; £101.6bn), according to the Commerce Department. Orders for non-military goods excluding aircraft, a gauge of business investment, tumbled 5.9%.

Separately, the closely watched consumer confidence survey compiled by the University of Michigan dipped from 93.7 in November to 92.6 this month.

Consumer spending (October)
French consumers spent 2.8% less on manufactured goods in November than they did in October, according to the National Statistics Institute. The decline, which was worse than expected, reverses October's 0.9% rise and puts November spending just 1.4% higher than it was a year earlier.

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