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There are daily cycles in commuter traffic or the consumption of electricity, to cite only two examples.

Almost every aspect of economic life displays seasonal variations: sales of coal or ice, deposits in savings banks, monetary circulation, agricultural production, purchases of clothing, travel, and so on.

Figure 1: Wholesale price indexes for United States, Great Britain, Germany, and France, periodic fluctuation in the rate of economic activity, as measured by the levels of employment, prices, and production.

Figure 1, for example, shows changes in wholesale prices in four Western industrialized countries over the period from 1790 to 1940.

However, actually there has been no clear evidence of very regular cycles of the same definite duration.

Some business cycles have been very short lasting for only two to three years, while others have lasted for several years.

Copyrights: The Conference Board's ("TCB") Database is protected by copyright.

dating the business cycle in britain-75dating the business cycle in britain-22dating the business cycle in britain-70dating the business cycle in britain-38

Databases, which can be downloaded in Excel spreadsheets, are updated monthly and include long data histories on economic indexes and their underlying components. Reprint requests are reviewed individually and may be subject to additional fees. As can be seen, the movements are not, strictly speaking, circular, and although some regularities are apparent, they are not exactly wavelike.For these reasons, some economists prefer the term business fluctuation over business cycle. Because of the complexity of economic phenomena, it may be that there are as many types of fluctuations or cycles as there are economic variables.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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