Business, Legal & Accounting Glossary
An industry which is sensitive to business cycles and whose performance is tied to the overall economy, especially interest rates. Many cyclical industries produce durable, commodity-like goods such as raw materials, cars, chemicals, construction, paper, steel, and heavy equipment. Given the durable nature of the goods, such purchases often get postponed in poor economic conditions, but sell especially well in good economic conditions.
You should always make sure that you are able to handle any downtimes when you are in a cyclical industry.
He worked in the cyclical industry all day and he had an amazing time working there and working with everyone else.
The cyclical industry had seen dramatic variations in the economy for the emerging market depending on which cycle was presently occurring.
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This glossary post was last updated: 29th October, 2021 | 0 Views.