Who is responsible for dating business cycles
The chart and table below illustrate the performance of the Big Four with an overlay of a simple average of the four since the end of the Great Recession.
The data points show the cumulative percent change from a zero starting point for June 2009.
Note especially that a business cycle in this sense might include stages such as these: Sections below further define, explain, and illustrate the primary meaning of business cycle.
Firstly, the primary meaning of business cycle refers to fluctuations in economic output in a country or countries.These are the well known phases of the business cycle such as recession, depression, recovery, and expansion. This business cycle often parallels changes in stock market prices, which are part of the stock market cycle.For more on these cycles and their phases, see the sections below.There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.They are: The April Retail Sales data released earlier this week can now be adjusted for inflation with yesterday's April Consumer Price Index. However, real (inflation-adjusted) sales declined 0.17%. Year-over-year nominal sales are up 4.05%, but the real Yo Y is up only 2.05%.
Birth and Growth stages tend to accelerate during economic recovery and expansion, of course.