US savings rise in October

Note: This section contains information in English only.
Source: CNN Money
© Scanpix/AFP

According to Commerce Department, Americans have increased their savings in October while the consumption has slightly declined. The rate of personal savings increased by 3.5% compared to 3.3% in September. Incomes advanced at faster pace than spending. Personal income surged by 0.4% in October while Americans improved their consumption only by 0.1%.

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Wed, 23 Nov 2011 14:31:32 GMT

US: demand for durables decreases

Orders for durable goods in US decreased by 0.7% in October; the sector was mainly affected by a fall in commercial transportation. However, the decrease is lower than expected as the forecast was 1.5% decline. Bookings for transportation devices, extremely volatile sector, were down by 4.8% while orders for aircraft fell by 16.4%.

Wed, 23 Nov 2011 14:40:00 GMT

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