Readings on U.S. Business Cycles US Business Cycle Expansions and Contractions: Historical Data Note: Contractions (recessions) start at the peak of a business cycle and end at the trough. BUSINESS CYCLE REFERENCE DATES DURATION IN MONTHS Peak Trough Contraction Expansion Cycle Quarterly dates Peak Previous Trough Peak are in parentheses to trough from from Trough to Previous Previous this peak Trough Peak December -- -- -- -- June 1854 (IV) 18 30 48 -- 1857(II) December 8 22 30 40 October 1858 (IV) 32 46 78 54 1860(III) June 1861 18 18 36 50 April (III) 65 34 99 52 1865(I) December 38 36 74 101 June 1867 (I) 13 22 35 60 1869(II) December 10 27 37 40 October 1870 (IV) 17 20 37 30 1873(III) March 18 18 36 35 March 1879 (I) 18 24 42 42 1882(I) May 1885 23 21 44 39 March (II) 13 33 46 56 1887(II) April 1888 24 19 43 32 July (I) 23 12 35 36 1890(III) May 1891 7 44 51 67 January (II) 18 10 28 17 1893(I) June 1894 14 22 36 40 December (II) 13 27 40 41 1895(IV) June 1897 43 21 64 34 June (II) 13 50 63 93 1899(III) December 8 80 88 93 September 1900 (IV) 11 37 48 45 1902(IV) August 10 45 55 56 May 1904 (III) 8 39 47 49
Readings on U.S. Business Cycles US Business Cycle Expansions and Contractions: Historical Data Note: Contractions (recessions) start at the peak of a business cycle and end at the trough. BUSINESS CYCLE REFERENCE DATES DURATION IN MONTHS Peak Trough Contraction Expansion Cycle Quarterly dates are in parentheses Peak to Trough Previous trough to this peak Trough from Previous Trough Peak from Previous Peak June 1857(II) October 1860(III) April 1865(I) June 1869(II) October 1873(III) March 1882(I) March 1887(II) July 1890(III) January 1893(I) December 1895(IV) June 1899(III) September 1902(IV) May December 1854 (IV) December 1858 (IV) June 1861 (III) December 1867 (I) December 1870 (IV) March 1879 (I) May 1885 (II) April 1888 (I) May 1891 (II) June 1894 (II) June 1897 (II) December 1900 (IV) August 1904 (III) -- 18 8 32 18 65 38 13 10 17 18 18 23 13 24 23 7 18 14 13 43 13 8 11 10 8 -- 30 22 46 18 34 36 22 27 20 18 24 21 33 19 12 44 10 22 27 21 50 80 37 45 39 -- 48 30 78 36 99 74 35 37 37 36 42 44 46 43 35 51 28 36 40 64 63 88 48 55 47 -- -- 40 54 50 52 101 60 40 30 35 42 39 56 32 36 67 17 40 41 34 93 93 45 56 49
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