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Cyclical Industry

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Cyclical Industry
A term describing an industry that is sensitive to the business cycle and price changes. Many cyclical industries produce durable goods such as raw materials and heavy equipment.

Notes:
The airline industry is a good example, when the economy is slow people tend to travel less.
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How can a company in a cyclical industry transform itself into a steady earningsgrowth performer?
Countrywide Seeks to End Volatile Cycle by Palazzo, Anthony / Los Angeles Business Journal
``Real estate is a cyclical industry, and certainly we went through the very painful recession in the early 1990s,'' Lauffer said.
NEWHALL LAND POSTS STRONG SECOND QUARTER by Daily News (Los Angeles, CA)
Even in the business and regional jet segment, there has been a notable growth in out performance, and these trends are set to drive growth in this highly cyclical industry.
After The Initial Setback Post September 11, 2001, The North American ... by Business Wire
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