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RBA Glossary definition for business cycle

business cycle – The period between peaks or troughs of macroeconomic activity.

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The International Environment

4 Aug 2023 SMP – August 2023
The International Environment | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/the-international-environment.html

Box B: An Update on the Impact of the Natural Disasters in Queensland

10 May 2011 SMP – May 2011
early January but a subsequent bounce-back in business conditions and especially in confidence (Graph B2). ... These results suggest that many businesses anticipate a pick-up in activity associated with repair and rebuilding.
https://www.rba.gov.au/publications/smp/2011/may/box-b.html

Domestic Economic Conditions

10 May 2015 SMP – May 2015
Graph 3.5; for further details, see ‘Box C: The Cycle in Dwelling Investment’). ... Finance is readily available at low cost and business credit growth has increased over the past year or more.
https://www.rba.gov.au/publications/smp/2015/may/dom-eco-cond.html

Box A: Global Developments in Inflation

10 Feb 2010 SMP – February 2010
Footnote. See, for example, Smets F and R Wouters (2004), ‘Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach’, European Central Bank Working Paper No
https://www.rba.gov.au/publications/smp/2010/feb/box-a.html

Inflation

5 Aug 2022 SMP – August 2022
Timely information from the Bank's liaison program and business surveys suggest that growth in labour costs has picked up. ... Reports of larger-than-average wage increases to date have been most common among construction and business services firms.
https://www.rba.gov.au/publications/smp/2022/aug/inflation.html

Domestic Financial Markets

10 Feb 2009 SMP – February 2009
The pass-through of cash rate reductions to variable housing loan rates in this easing cycle has been only slightly less than that seen in previous cycles. ... Despite the fall in businesses' borrowing costs, growth in total business debt has slowed
https://www.rba.gov.au/publications/smp/2009/feb/dom-fin-mkts.html

Economic Outlook

10 Nov 2014 SMP – November 2014
Non-mining business investment remained subdued. The available indicators suggest that GDP growth remained moderate in the September quarter. ... The forecast for business investment balances the range of possible outcomes that encompass these scenarios.
https://www.rba.gov.au/publications/smp/2014/nov/eco-outlook.html

Domestic Economic Condition

10 May 2006 SMP – May 2006
Generally positive business conditions were reported in most other surveys, such as the Sensis and St. ... The outlook for business investment is favourable, given the good prospects for growth in the domestic and world economies.
https://www.rba.gov.au/publications/smp/2006/may/dom-eco-cond.html

Domestic Economic Conditions

7 Feb 2006 SMP – February 2006
Business conditions generally continue to be favourable, as evidenced by strong growth in profits and investment. ... Both business surveys and liaison indicate that firms continue to face difficulty attracting suitable labour.
https://www.rba.gov.au/publications/smp/2006/feb/dom-eco-cond.html

Domestic Economic Conditions

27 Nov 2017 SMP – November 2017
The adjustment of the Australian economy to the cycle in mining investment is well advanced. ... As noted earlier, the large pipeline of public infrastructure spending should continue to have positive flow-on effects to private business investment.
https://www.rba.gov.au/publications/smp/2017/nov/domestic-economic-conditions.html