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A car is a durable good. The gasoline that powers it is a non-durable (or consumable) good.. In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use.
Finally, durable goods are important because the indicator sheds light on so many different segments of the economy, including tech, transportation, manufacturing, machinery, residential and ...
Excluding transportation, durable goods orders fell 0.3% last month after dipping 0.1% in December. There were decreases in orders of primary and fabricated metals. Machinery orders were unchanged.
Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, dropped 1.1% after increasing 0.8% in October. The decline mostly reflected the weakness in ...
Durable goods: motor vehicles and parts, furnishings and durable household equipment, recreational goods and vehicles, and other durable goods. Nondurable goods: food and beverages purchased for off-premises consumption, clothing and footwear, gasoline and other energy goods, and other nondurable goods.
The addition of a composite good in a single-good model (bringing it up to two) allows for all other opportunities to be accounted for. Since the composite is considered a single good only for purposes of the model, analysis can be made on a two-dimensional graph. Optimal choices represent the bundle of two goods; the first good and the composite.
Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, rose 1.4% last month, the Commerce Department's Census Bureau said. Data for January was ...
Durable goods orders rose 4.0% on a year-over-year basis in October. Manufacturing, which makes up 11.1% of the economy, is shuffling along as higher interest rates cool demand. Since March 2022 ...