Define: Consumer Durables

UK Accounting Glossary

Definition: Consumer Durables



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Full Definition of Consumer Durables


In US macroeconomic statistics, consumer durables are those durable goods produced for purchase by consumers. All durable goods, including consumer durables, are arbitrarily defined as goods designed to provide a benefit for at least three years. The importance of consumer durables to macroeconomic statistics stems from consumers’ spending behaviour. Consumers tend to buy more consumer durables, such as automobiles and major household appliances when consumer confidence and household incomes are high. Consequently, manufacturers of consumer durables tend to be cyclical companies. Changes in aggregate spending on various consumer durables categories are meaningful barometers of the economy, the largest part of which is consumer expenditure. Consumer durables expenditure is a small portion of consumer expenditure, but this portion fluctuates more than consumer non-durables expenditure, which is more constant, and consumer expenditure on services, which is not subcategorized as durable or non-durable.


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Consumer Durables. PayrollHeaven.com. Retrieved April 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/consumer-durables/

Definition Sources


Definitions for Consumer Durables are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February 2020.