Term:
Consumer durables
Definition:
Consumer durables are durable goods acquired by households for final consumption (i.e. those that are not used by households as stores of value or by unincorporated enterprises owned by households for purposes of production); they may be used for purposes of consumption repeatedly or continuously over a period of a year or more.
Domain:
Economics & National Accounts
Source:
AN.m - Annex to chapter XIII and 9.38