(14) This approximate growth rate was obtained by weighting the quarterly growth in real spending for each durable good
by its nominal share in total durable goods
spending in the previous quarter.
This indicates that non-durable good manufacturers may face the same type of time consistency or commitment problem (with buyers) as durable good
The consumer derives utility from a non-durable good N and the services of a durable good
profits fell to $85.5 billion, down 32.8 percent from a year ago.
Injection molders of durable goods
also acquired a taste for IML, applying it to toys, lawn and garden products, all-terrain vehicles, trash containers, and even tractor body panels.
Michael Biddle, CEO and president of MBA Polymers, says, "Major multinational manufacturers of durable goods
are now working with MBA to recycle the plastics from their end-of-life products, and to provide them with recycled plastics for their new products.
The output of durable goods
materials rose 0.5 percent, bringing production to a level 15.6 percent above the level in August 1999.
The government said durable goods
orders, a measure of manufacturing, fell 1.3 percent in August after falling 0.7 percent in July.
The factory operating rate declined to 79.3 percent, with the easing concentrated in durable goods
After an increase of 0.4 percent in June, the overall output of consumer goods slipped 0.2 percent in July; the production of durable goods
was unchanged, and that of nondurable goods fell 0.3 percent.
The production of materials edged up 0.1 percent, led by another gain in the output of durable goods
Within this aggregate, the production of durable goods
materials advanced 1.0 percent, largely because of rebounds in the production of parts and materials used primarily by the motor vehicle industry.