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The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions. A recession is the period between a peak of economic activity and its subsequent trough, or lowest point.
- Frequently Asked Questions
A: The NBER chronology does not identify the precise moment...
- Announcements
Register for future Business Cycle announcements (account...
- Committee Members
Past Members Ben Bernanke, Princeton University, 2000-2002...
- Business Cycle Dates
US Business Cycle Expansions and Contractions. Contractions...
- Frequently Asked Questions
14 mar 2023 · US Business Cycle Expansions and Contractions. Contractions (recessions) start at the peak of a business cycle and end at the trough. Source NBER. Downloadable Excel File of Business Cycle Expansions and Contractions and .PDF version. JSON file format.
3 cze 2024 · Graph and download economic data for NBER based Recession Indicators for the United States from the Period following the Peak through the Trough (USREC) from Dec 1854 to May 2024 about peak, trough, recession indicators, and USA.
15 sie 2022 · A: The NBER chronology does not identify the precise moment that the economy entered a recession or expansion. In the NBER’s convention for measuring the duration of a recession, the first month of the recession is the month following the peak and the last month is the month of the trough.
9 cze 2022 · Three choices to date business cycle turning points. Recessions, like most things, have beginnings and ends. In the U.S., the beginnings and ends of recessions are determined by the National Bureau of Economic Research (NBER) Business Cycle Dating Committee.
The NBER recession data are available at https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions. The monthly dates for the peaks and troughs are represented as daily dates in the graphs regardless of the frequency of the plotted data.
The NBER is the accepted dater of the start and end of recessions in the U.S. When recessions are called by the NBER, they are generally marked by a downward trend in the following variables: real sales in manufacturing and retail, real personal income, payroll employment, and industrial production (NBER 2003).
