This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7799212.stm

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
US consumers cut their spending US consumers cut their spending
(5 days later)
Consumers in the US cut back on their spending for the fifth consecutive month, giving fresh signs of a deepening recession.Consumers in the US cut back on their spending for the fifth consecutive month, giving fresh signs of a deepening recession.
Spending contracted by 0.6% in November following October's fall of 1%, according to the Commerce Department.Spending contracted by 0.6% in November following October's fall of 1%, according to the Commerce Department.
Orders for long-lasting US manufactured goods fell 1% in November, which was less than expected, but there was a big downgrade in October's figures.Orders for long-lasting US manufactured goods fell 1% in November, which was less than expected, but there was a big downgrade in October's figures.
Orders in October fell by 8.4%, down from the first estimate of 6.9%.Orders in October fell by 8.4%, down from the first estimate of 6.9%.
It makes October's fall the biggest since July 2000.It makes October's fall the biggest since July 2000.
The decline in sales of these durable goods, particularly automobiles, is hitting Detroit hard, with GM, Ford and Chrysler set to receive temporary government help in the New Year. The decline in sales of these durable goods, particularly automobiles, is hitting Detroit hard, with General Motors and Chrysler set to receive temporary government help in the New Year.
The weekly figure for new jobless claims rose 30,000 to 586,000, which was more than had been expected, according to the Labor Department.The weekly figure for new jobless claims rose 30,000 to 586,000, which was more than had been expected, according to the Labor Department.
Rising unemployment appears to be biting, with incomes falling by a worse-than-expected 0.2% in November, following a 0.1% rise in October.Rising unemployment appears to be biting, with incomes falling by a worse-than-expected 0.2% in November, following a 0.1% rise in October.