Pauls Valley, OK, Pauls Valley Democrat

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January 23, 2014

Consumers spending more

NORMAN — Pent-up demand for large-ticket items like automobiles and appliances is driving a mini-spending spree by U.S. and European consumers. Retail sales were up at an annualized pace more than 5 percent in September, October and November.

Economists tell The Associated Press consumer confidence is coming from low interest rates, which enables the purchase of big-ticket items. Inflation remains low, too.

Businesses are picking up on the trend, increasing their purchase of machinery, computers and other equipment. Employment and housing starts also are showing signs of life after several years of dormancy.

Sales of consumer goods are booming in many countries, too. Retail sales spiked in Europe about 1.4 percent, the biggest increase in 12 years.

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  • J.W. Peters

    J.W. Peters of Elmore City, Oklahoma was born to Tom and Myrtle (Travis) Peters on October 10, 1927 in Roff, Oklahoma and passed from this life on April 21, 2014 in Plano, Texas at the age of 86 years.

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  • Truman Lee McCurley

    Truman Lee McCurley, 72, formerly of Pauls Valley, passed from this life April 17, 2014 with his family at his bed side at home. Truman made his home in Tulsa.

    April 23, 2014

  • Fred E. Cochran

    Fred E. Cochran of Pauls Valley passed away April 20, 2014 in Pauls Valley, Oklahoma at the age of 74 years.

    April 23, 2014

  • Oneta K. Goss

    Oneta K. Goss of Pauls Valley passed away April 4, 2014 in Pauls Valley, Oklahoma at the age of 90 years.

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