Commerce Department

U.S. Consumers Spend Big in November

U.S. consumer spending posted its largest increase in five months in November, the latest suggestion of sustained strength in the economy as the year winds down.

U.S. Durable Goods Orders Up 3.6% in May

US businesses boosted orders for long-lasting manufactured goods in May and a measure of their investment plans rose for a third straight month, the Commerce Department said.

U.S. New-Home Sales Jump to Highest in 4.5 Years

U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating. New-home sales rose nearly 16 percent in January to a seasonally adjusted annual rate of 437,000, the largest percentage increase in nearly 20 years.

Consumer Spending Up 0.2%, but Income Has Best Gain in 8 Years

U.S. consumers increased their spending in December at a slower pace, while their income grew by the largest amount in eight years, the Commerce Department said. Income surged because companies rushed to pay dividends before income taxes increased on high-earners.

US Durable Goods Orders Up 0.7 Percent

U.S. companies increased their orders for long-lasting manufactured goods in November, with a second consecutive monthly gain in a key category that reflects businesses' investment plans.

Consumer Spending, Personal Income Up in November

Consumers spent and earned more in November, reflecting a rebound from the disruptions caused by Superstorm Sandy. The Commerce Department says consumer spending rose 0.4 percent compared with October. Personal income jumped 0.6 percent, the biggest gain in 11 months.

U.S. Consumer Spending Rose 0.8 Percent in September

Americans increased their spending in September at twice the rate that their income grew, a sign of confidence in the economy. Still, consumers made up the difference by saving less for a third straight month, a troubling trend.