Industries Susceptible to Recession

Goals

To understand the industries most susceptible to recession.

Early Findings

Our initial research indicates that the factors leading up to a recession may play a part in whether an industry is impacted by the recession.
  • During the recession of 1973-1975, the hardest hit industries were in the financial sector, the consumer discretionary sector, the information technology sector, the industrial sector, and the utilities sector
  • During the recession of 1980-1982, the hardest hit industries were in the energy sector, the consumer discretionary sector, the financial sector, the information technology sector, and the consumer staples sector.
  • During the recession of 1990, the hardest hit industires were in the financial sector, the consumer discretionary sector, the industrials sector, the telecommunications services sector, and the information technology sector.
  • During the recession of 2001, the hardest hit industries were in the telecommunications services sector, the information technology sector, the health care sector, consumer discretionary sector, and utilities sector.
  • The consumer discretionary sector is defined as "goods and services that are considered non-essential by consumers, but desirable if their available income is sufficient to purchase them." This would include products such as clothing, automobiles, household furniture and appliances. It also includes areas such as travel and entertainment.
  • In the last recession from 2009-2010, specific industries that were hit the hardest were building materials and supplies dealers, home furnishings stores, lumber and construction materials wholesalers, recreational vehicle dealers, cement and concrete manufacturing, newspaper and book publishers, furniture stores, office supply/stationary/gift shops, and travel accomodations.

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