News

Drug Store News is closed for the holidays

BY DSN STAFF

The offices of Drug Store News are closed the week of Dec. 26. Additionally, Drug Store News will not be publishing e-newsletters on Dec. 26, but will return to its regular schedule Dec. 27. On behalf of the editors and publishers of Drug Store News, we would like to wish you and your family a happy, healthy and joyous holiday season.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Personal spending rose less than forecast in November

BY Katherine Field Boccaccio

WASHINGTON — A report released Friday by the Commerce Department showed that U.S. consumer spending edged up 0.1% in November, less than forecast and reflecting an economy that continues to struggle.

Incomes also grew 0.1% in November, the weakest in three months, after a 0.4% rise in October. The median estimate for spending in a Bloomberg News survey of economists called for a 0.3% advance.

“In the absence of a significant pickup in income, we won’t see a big boost in spending,” Yelena Shulyatyeva, an economist at BNP Paribas in New York, told Bloomberg. “The momentum will slow in the fourth quarter, but the economy is still growing.”

Projections among the 79 economists in the Bloomberg survey for spending ranged from increases of 0.2% to 0.6%.

Wages and salaries decreased 0.1% after a 0.6% gain.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Consumer confidence up in United States, global economy still dark cloud

BY Michael Johnsen

NEW YORK — The Conference Board Leading Economic Index for the United States increased 0.5% in November to 118 (baseline based on 100 in 2004), following a 0.9% increase in October, and a 0.1% increase in September, the Conference Board announced Thursday.

“November’s increase in the LEI for the U.S. was widespread among the leading indicators and continues to suggest that the risk of an economic downturn in the near term has receded," stated Ataman Ozyildirim, economist at the Conference Board. "Interest rate spread and housing permits made the largest contributions to the LEI this month, overcoming a falling average workweek in manufacturing, which reversed its October gain. The CEI also rose on improving employment and personal income although industrial production fell in November.”

"The LEI is pointing to continued growth this winter, possibly even gaining momentum by spring," added Ken Goldstein, also an economist at the Conference Board. "For the second month in a row, building permits made a relatively strong contribution and there is a chance that the long decline in housing is finally slowing. However, this somewhat positive outlook for the domestic economy is at odds with a global economy that appears to be losing steam. In particular, a deeper-than-expected recession in Europe could easily derail the outlook for the U.S. economy.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?