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32. 1997 Economic Census


893. Business Cycle Expansions and Contractions--Months of Duration

[A trough is the low point of a business cycle; a peak is the high point. Contraction, or recession, is the period from peak to subsequenttrough; expansion is the period from trough to subsequent peak.Business cycle reference dates are determined by the National Bureau ofEconomic Research, Inc.]
 
            Business cycle reference dateDATE Length of Cycle
  Contraction
Trough Peak Peak (trough Trough Peak
  from Expansion from from
  previous (trough previous previous
    Month Year Month Year Year Month Year peak) to peak) trough peak
 
December 1854 June................ 1857 1854 June 1857 (X) 30 (X) (X)
December 1858 October............. 1860 1858 October 1860 18 22 48 40
June 1861 April............... 1865 1861 April 1865 8 46 30 54
December 1867 June................ 1869 1867 June 1869 32 18 78 50
December 1870 October............. 1873 1870 October 1873 18 34 36 52
 
March 1879 March............... 1882 1879 March 1882 65 36 99 101
May 1885 March............... 1882 1885 March 1882 38 22 74 60
April 1888 July................ 1890 1888 July 1890 13 27 35 40
May 1891 January............. 1893 1891 January 1893 10 20 37 30
June 1894 December............ 1895 1894 December 1895 17 18 37 35
 
June 1897 June................ 1899 1897 June. 1899 18 24 36 42
December 1900 September........... 1902 1900 September 1902 18 21 42 39
August 1904 May................. 1907 1904 May 1907 23 33 44 56
June 1908 January............. 1910 1908 January 1910 13 19 46 32
January 1912 January............. 1913 1912 January 1913 24 12 43 36
 
December 1914 August.............. 1918 1914 August 1918 23 44 35 67
March 1919 January............. 1920 1919 January 1920 1 7 10 2 51 1 17
July 1921 May................. 1923 1921 May 1923 18 22 28 40
July 1924 October............. 1926 1924 October 1926 14 27 36 41
November 1927 August.............. 1929 1927 August 1929 13 21 40 34
March 1933 May................. 1937 1933 May 1937 43 50 64 93
June 1938 February............ 1945 1938 February 1945 13 80 63 93
October 1945 November............ 1948 1945 November 1948 8 37 88 45
 
October 1949 July................ 1953 1949 July 1953 11 45 48 56
May 1954 August.............. 1957 1954 August 1957 10 39 55 49
April 1958 April............... 1960 1958 April 1960 8 24 47 32
February 1961 December............ 1969 1961 December 1969 10 106 34 116
November 1970 November............ 1973 1970 November 1973 11 36 117 47
March 1975 January............. 1980 1975 January 1980 16 58 52 74
July 1980 July................ 1981 1980 July 1981 6 12 64 18
November 1982 July................ 1990 1982 July 1990 16 92 28 108
March 1991 (X) (X) 1991 (X) (X) 8 (X) 100 (X)
 
Average, all cycles:
  1854 to 1991 (31 cycles) (X) (X) (X) (X) (X) (X) 18 35 53 3 53
  1854 to 1919 (16 cycles) (X) (X) (X) (X) (X) (X) 22 27 48 4 49
  1919 to 1945 (six cycles) (X) (X) (X) (X) (X) (X) 18 35 53 53
  1945 to 1991 (nine cycles) (X) (X) (X) (X) (X) (X) 11 50 61 61
 
Average, peacetime cycles:
  1854 to 1991 (26 cycles) (X) (X) (X) (X) (X) (X) 19 29 48 5 48
  1854 to 1919 (14 cycles) (X) (X) (X) (X) (X) (X) 22 24 46 6 47
  1919 to 1945 (5 cycles) (X) (X) (X) (X) (X) (X) 20 26 46 45
  1945 to 1991 (7 cycles) (X) (X) (X) (X) (X) (X) 11 43 53 53


X Not applicable.
1 Previous peak: August 1918.
2 Previous trough: December 1914.
3 30 cycles.
4 15 cycles.
5 25 cycles.
6 13 cycles.

Source: National Bureau of Economic Research, Inc.,Cambridge, MA, unpublished data.

http://www.nber.org/cycles.html

https://allcountries.org/uscensus/893_business_cycle_expansions_and_contractions_months.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2019 Photius Coutsoukis and Information Technology Associates, all rights reserved.