European business cycle dating committee Euro Area Business Cycle Dating Committee Announcements

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European business cycle dating committee

The peak marked the end of an expansion that began in the third quarter of and lasted 57 quarters. For recent euro area data since the end of the s we use, where possible, official Eurostat statistics and focus primarily but not exclusively on 1 quarterly GDP Eurostat source ; 2 quarterly employment OECD ; 3 monthly industrial production Eurostat ; 4 quarterly business investment Eurostat ; 5 consumption and its main components Eurostat and ECB. A chronology of euro area business cycles is the coincident business cycle dating usernames for the second. Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years. Moreover, European statistics are of uneven quality, long time series are not available, and data definitions differ across countries and sources. The chronology comprises alternating dates of peaks and troughs in economic activity. The Committee concluded that economic activity in the euro area peaked in the third quarter of and that the euro area had been in recession since then. The trough marks the end of the recession that began in the first quarter of It examines and compares the behavior of various measures of broad activity: Adopting a business cycle dating committee, in switzerland. The objective of the meeting was to determine whether there was enough evidence that the decline in economic activity that started after third quarter of had ended. European business cycle dating committee

European business cycle dating committee





European business cycle dating committee





European business cycle dating committee





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