Dating the business cycle in britain

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For example, the BCI database for the United States contains over 250 historical data series on the U. economy Online Data Subscription provides continuous access to the online databases by individuals, corporations, and university libraries or departments (via a site license).

Firms making premium and luxury products are hit hard by any downturn because customers often cut back on non-essentials first.

Businesses with large debts can find it hard to meet interest payments when sales fall.

However, a recession makes it easier for a business to recruit new staff in readiness for any upturn in economic activity.

periodic fluctuation in the rate of economic activity, as measured by the levels of employment, prices, and production.

Because these movements are neither so regular nor so predictable as the term cycle might suggest, some authors prefer to avoid the term.

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