Spanish Business Cycle Dating Committee
Spanish Economic Association

Spain Business Cycle Expansions and Contractions

Contractions (recessions) start at the peak of a business cycle and end at the trough
Pico Valle Length of Recession Length of Expansion Explanation
1974Q4 1975Q2 3 quarters 12 quarters The Oil recessions
1978Q3 1979Q2 4 quarters 50 quarters
1992Q1 1993Q3 7 quarters 58 quarters The European Crisis
2008Q2 2009Q4 7 quarters 3 quarters The Double Recession
2010Q4 2013Q2 13 quarters -

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Índice CF

El indicador CF combina información de varias series económicas para extraer el nivel de actividad económica cíclica subyacente en tiempo real

The main features of the chronology of the Spanish Business cycle dating committee

The committee has dated the end of the double recession in 2013Q2

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