Dates business dating

Dates business dating

Does the Committee date recessions for individual countries in the euro area?No, the sole objective of the Committee is to date recessions for the euro area as a whole.

How does that relate to your recession dating procedure?Note that since October 2012 the Committee has dropped its requirement that peaks or troughs mark turning points in economic activity in most countries of the euro area.The rationale for this definitional change is explained in details in .The rationale for this definitional change is explained in detail in a methodological note.It is thus possible that the euro area is in a recession while some of the individual countries are not, and that the business cycle dates differ for the Euro-area and for individual countries.

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