Durable Goods, Postponability, and Economic Recovery
Subject: Durable Goods
Topic: National Income Accounts
Key Words: Durable Goods, Postponability, and Economic Recovery
News Story: Orders for durable goods, which include items that range from washing machines to civilian aircraft, fell 7.4 percent in August. This decline followed a July gain of 9.3 percent. A large part of the August decrease came in the category of civilian aircraft, which fell by 42.8 percent. If civilian aircraft were taken out of the calculation, a fall of 0.5 percent in the non-defense capital spending category remains.
This category includes goods expected to…
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