Durable goods

FILE - In this Sept. 20, 2019, file photo, Maurine Carter works on the wiring of a stove in LaFayette, Ga. Orders to American factories for big-ticket goods rebounded last month from a disastrous April as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April.(Erin O. Smith/Chattanooga Times Free Press via AP, File)
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July 27, 2020 - 8:52 am
WASHINGTON (AP) — Orders for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemic. The Commerce Department said Monday that the June gain in durable goods orders, which was...
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Shoppers, left, head to the entrance as a sign on the outside wall invites customers to shop inside a Best Buy store Wednesday, June 24, 2020 in Richfield, Minn. as restrictions due to the coronavirus have eased in Minnesota. (AP Photo/Jim Mone)
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June 26, 2020 - 9:31 am
WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter. Last month's rebound in consumer spending followed...
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A woman walks into a closing Gordmans store, Thursday, May 28, 2020, in St. Charles, Mo. Stage Stores, which owns Gordmans, is closing all its stores and has filed for Chapter 11 bankruptcy. (AP Photo/Jeff Roberson)
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May 29, 2020 - 11:28 am
WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month's spending decline was far worse than the revised 6.9% drop in March, which itself had...
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FILE - In this Jan. 27, 2020 file photo a worker pushes a cart past refrigerators at a Home Depot store location in Boston. On Thursday, May 28, the Commerce Department releases its April report on durable goods. (AP Photo/Steven Senne)
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May 28, 2020 - 8:59 am
WASHINGTON (AP) — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department said Thursday that orders for durable goods dropped 17.2% last month after falling 16.6% in March. Excluding orders for...
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FILE - In this March 16, 2020, filer photo, Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo. Japan’s central bank on Monday, April 27, 2020, announced it is making it easier for cash-strapped companies to get funding in response to the growing economic damage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)
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April 27, 2020 - 12:19 am
BEIJING (AP) — Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy. Tokyo's benchmark surged 2.4% and Shanghai, Hong Kong and Sydney also gained...
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Bill Merkle works on making protective masks in Warren, Mich., Thursday, April 23, 2020. General Motors has about 400 workers at the now-closed transmission plant in suburban Detroit. All over the country, blue-collar and salaried workers have raised their hands to make medical equipment as companies repurpose factories to answer calls for help from beleaguered nurses, doctors and paramedics who are treating patients with the highly contagious new coronavirus COVID-19. (AP Photo/Paul Sancya)
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April 24, 2020 - 9:45 am
WASHINGTON (AP) — Orders for big-ticket manufactured goods plunged 14.4% in March, the second-biggest decline on record. The worse-than-expected slide underscored the severity of the economic impact from the pandemic. New orders for commercial airlines actually went negative as cancellations...
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FILE - This May 23, 2019, file photo shows the logo for the Jefferies Financial Group in New York. Jefferies Financial Group announced Sunday, March 29, 2020, that its chief financial officer, Peregrine C. Broadbent, died Sunday from coronavirus complications. He was 56. (AP Photo/Richard Drew, File)
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March 29, 2020 - 5:57 pm
NEW YORK (AP) — The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments this weekend related to the global economy, the work place and the spread of the virus. ______ WALL STREET EXECUTIVE DIES: An executive at New York-based...
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FILE - In this Nov. 29, 2019, file photo shoppers carry bags as they cross a street in San Francisco. Black Friday kicks off the start of the holiday shopping season. On Friday, Dec. 20, the Commerce Department issues its November report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Jeff Chiu, File)
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December 20, 2019 - 5:21 pm
WASHINGTON (AP) — Americans increased their spending in November at the fastest pace in four months, and income growth rebounded to its strongest gain since August. The Commerce Department said Friday that consumer spending rose at a 0.4% annual rate last month, led by a jump in spending on durable...
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In this Monday, Sept. 23, 2019 photo Maria Alvarez, front, and her husband Guillermo Alvarez, behind, both of Boston, examine clothes washers and dryers at a Home Depot store location, in Boston. On Thursday, Oct. 24, the Commerce Department releases its September report on durable goods. (AP Photo/Steven Senne)
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October 24, 2019 - 8:43 am
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods tumbled in September by the largest amount in four months while a closely watched category that tracks business investment fell for a second month. The declines underscored the troubles manufacturing is having in the face...
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Reserve Bank of India (RBI) Governor Shaktikanta Das speaks during a press conference in Mumbai, India, Wednesday, Aug. 7, 2019. India's central bank on Wednesday cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy, with consumer spending and corporate investment faltering and the production of capital goods and consumer durables decelerating. (AP Photo/Rajanish Kakade)
August 07, 2019 - 5:16 am
NEW DELHI (AP) — India's central bank on Wednesday cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy, with consumer spending and corporate investment faltering and the production of capital goods and consumer durables...
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