Durable Goods Orders

Durable Goods Orders

Orders that companies make for consumer products designed and intended to last longer than three years. Some examples of durable goods, such as cars, are expensive, while others, such as forks and knives, are not. If durable goods orders increase, it is a sign of a healthy economy because it shows that consumers are willing to make major purchases. As such, durable goods orders are a major economic indicator.