The Phase of Business Cycles, Australia 1960 - 2015 (a)

 

 

Peak

 

 

Trough

 

Contraction

 

Expansion

 

Cycle

peak to trough
(months)

trough to peak
(months)

peak to peak
(months)

trough to trough (months)

 

May-1961

-

-

-

-

Jun-1964

Feb-1966

20

37

53

57

Aug-1969

Nov-1971

27

42

62

69

Aug-1973

Feb-1975

18

21

48

39

Aug-1976

Nov-1977

15

18

36

33

Jan-1980

Nov-1982

34

26

41

60

Jan-1984

Jun-1986

29

14

48

43

May-1988

Apr-1991

35

23

52

58

Oct-1994

Jul-1996

21

42

77

63

Dec-1997

Sep-1998

9

17

38

26

Jun-2000

Nov-2001

17

21

30

38

Nov-2002

Jun-2003

7

12

29

19

May-2007

May-2009

24

47

54

71

Jan-2011

Aug-2012

19

20

44

39

Aug-2013

 

-

12

31

-

Average durations (b)

21

25

46

47

Standard deviations (b)

8

12

13

17

Notes:

(a) These phases of the business cycles are generated using the BBQ methodology applied to the Westpac-Melbourne Institute Leading Index of Economic Activity. For further information of the BBQ methodology, see http://www.ncer.edu.au/data/data.jsp

(b) The average durations and standard deviations are rounded to full months.