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durable goods
durable goods definition - finance
A
monthly economic report produced by the U.S. Commerce Department that tracks
new orders received by manufacturers of durable goods, such as machinery and
aircraft. Durable goods are those products that are expected to last more than
one year, in contrast to non-durable goods such as food items, clothing, and consumer-disposable
products. The durable goods report differentiates between spending that is
connected to military and non-military orders. It also tracks sector spending,
such as technology. Economists and investors look at the report to get a sense
of how the economy is performing: If durable goods orders are strong, then
often the economy is doing well.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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