Formally testing this proposition involves dividing each CLI expansion phase and each CLI
contraction phase into three equal segments.
Duration (mo) Reference dates
Contraction phase Expansion phase Peak Trough Peak to trough Previous trough to this peak Jul 1990 Mar 1991 8 92 Mar 2001 Nov 2001 8 120 Dec 2007 Jun 2009 18 73 Avg.
economy will soon enter into a
contraction phase, sparking selling pressure for the U.
One indication that investors, lenders, and owners have recognized a
contraction phase is an increase in the dispersion of sales prices per square-foot for office properties caused by income and cap rate differences between Class A and non-Class A buildings.
said the revised GDP data confirmed that Japan's economy has entered into a
contraction phase, but forecast that the downturn will be short-lived with recent falls in crude oil prices and expected recovery in exports.
Markets with that will continue in a
contraction phase and dip into recession through 2005 are Miami, Hartford, Tampa, Washington, DC, and San Jose.
Earlier this month, the government admitted in its monthly report that Japan's economy may have entered a
contraction phase, indicating that the country's longest period of postwar economic expansion, since February 2002, may have ended.
The companies' sentiment is in line with economists' consensus that Japan's economy has entered a
contraction phase and we should carefully examine how long this downturn will last,'' Suzuki said.
The market will linger in a cyclical
contraction phase," said Joseph Barker, senior manager of North American Sales Forecasting.
Office markets are moving into a
contraction phase.
The government economic report suggests that Japan's longest period of postwar economic boom, which started in February 2002, may have ended and that the world's second-biggest economy has entered a
contraction phase.
