US spending, incomes rise
in November
Americans incomes and earnings rose as the holiday season
began. Spending rose 0.5 percent in November, the highest
in four months, and incomes increased 0.3 percent for
the second month, the Commerce Department said in Washington.
Inflation
remained unchanged raising expectations that central bankers
will not touch interest rates in coming months.
The reports spelt good times for retail sales in the holiday
season.
The Commerce Department's figures showed orders for durable
goods, excluding transportation equipment, dropped last
month suggesting that companies are hesitant about making
equipment purchases. Orders rose 1.1 percent in November,
reflecting a rise in demand for commercial aircraft and
military materiel. Outside transportation, they fell 1.1
percent after a 1.6 per cent decrease.
Bookings
for non-defense capital goods excluding aircraft, a proxy
for future business investment, fell 1.4 percent last
month after dropping 3.9 percent in October. The back-to-back
declines were the first since February-March 2005.
The
Commerce Department's price gauge, the personal consumption
expenditure index, excluding food and energy costs, was
unchanged after a 0.2 percent increase in October. Compared
with November 2005, the price index closely watched by
the Fed was up 2.2 per cent, the smallest year-over-year
gain since May.
Disposable
income rose 0.3 percent after a 0.2 percent increase the
month before. Adjusted for inflation, disposable income
increased 0.3 per cent in November following a 0.4 per
cent rise.
Back to News Review index page
Google
more popular than Yahoo
San Francisco: Google is now a more popular internet
destination than Yahoo and was the second most popular
destination for Web surfers worldwide in November with
Microsoft being the first, industry tracker ComScore has
reported.
More
than 736 million people surfed the Internet in November
this year and 475,713 of them visited Google websites
while 475,262 visited Yahoo online properties, according
to ComScore.
Microsoft
sites were visited by 501,720 people, the rating tally
revealed. Hot video-sharing website YouTube was tenth
in the ComScore Media Metrix rankings but showed the largest
surge in visitors, with the number catapulting by more
than 2,000 per cent to 107,944.
Google's
results did not include visits YouTube, which it bought
in October.
Back
to News Review index page
|