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Demand for nondurable goods rose 3.1 percent.
Demand for nondurable goods, such as chemicals and paper, rose 0.6 percent.
Demand for nondurable goods, like food and gasoline, declined 1.6percentt.
The report showed that demand for nondurable goods, products like oil and chemicals, rose 2.9 percent in March.
Demand for nondurable goods, ranging from food to petroleum and paper products, rose 1.5 percent in October after a 1.4 percent rise in September.
The report showed that last year's spending gains were led by a 7.7percentt increase in demand for nondurable goods like clothing or food.
Similar(44)
The spending report showed increased demand for services, no change for nondurable merchandise like clothing and food and a decline for durable goods like cars and appliances.
In particular, in a first step, the demand for currency, deposit interest rates and nondurable consumption in Eq. (4) are computed as weighted averages of the different banks in that region using the distribution of assets as a weighting factor.
Orders for nondurable goods, however, rose by 2.8percentt, led by a big jump in demand for petroleum products, reflecting higher prices.
The report on factory orders showed demand falling by 1.1percentt for durable goods, items expected to last at least three years; orders for nondurable goods, like oil products and chemicals, fell 1.5percentt.
In May, orders for nondurable goods increased 1.6percentt.
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