Cyclical Industry

Cyclical Industry

An industry that tends to do poorly when most of the economy as a whole is performing poorly, and well when the economy is doing well. Cyclical industries may represent publicly-traded companies that are perceived to sell luxuries or products. For example, car companies sell expensive products (cars) that many people perceive to be necessities. However, because cars are expensive, consumers in bad economic times may decide to wait to buy cars until the economy improves. On the other hand, car companies tend to do rather well when the economy is doing well.
References in periodicals archive ?
We know that the mortgage industry can shift sharply and quickly, and while we believe it is a cyclical industry, we are rarely afforded the ability to predict exactly how and when these market moves will hit.
06), while it must be of concern for our 3,000 steelworkers on Teesside it is a fact that the Teesside steelworkers are one of the best workforces in the world, hence their survival in what is a very cyclical industry.
The truck market is like any other cyclical industry, therefore a thorough understanding of the basic drivers of supply and demand is necessary.
At the African-American Real Estate Professionals of New York third annual symposium earlier this month, Charles Gatewood, vice president of JP Morgan Chase Bank, told the audience, "It's a cyclical industry.
an integrated producer of flat rolled carbon steel operating in a highly cyclical industry, refinanced its capital structure as part of an overall turnaround plan.
For the last 44 consecutive quarters we've been profitable, which in our cyclical industry is pretty remarkable.
However, when the steel mill's very existence is called into doubt, there is much more to worry about than a cyclical industry or a recession.
These factors include TGS` reliance on a cyclical industry and principal customers, TGS` ability to continue to expand markets for licensing of data, and TGS` ability to acquire and process data products at costs commensurate with profitability.
The cement business is a cyclical industry," said Liz Mikols, a spokesperson for Lehigh Cement Company, the fifth largest cement producer in the United States and Canada.
He and hundreds of aerospace workers in Southern California have learned to ride the highs and lows of a cyclical industry that once dominated the region's economy.
Cattle prices, like meat packer profits, fluctuate because beef is a cyclical industry.
These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability.