Cyclical Industry
A term describing an industry that is sensitive to the business cycle and price changes. Many cyclical industries produce durable goods such as raw materials and heavy equipment.
Investopedia Commentary
The airline industry is a good example, when the economy is slow people tend to travel less.
Related Links
The Ups And Downs Of Investing In Cyclical Stocks
Industry Handbook
See also: Business Cycle, Cyclical Stock, Fundamental Analysis