Indeed, airlines have been awful investments over the years, because they are the ultimate cyclical industry.

I don't think problems with housebuilding (a cyclical industry) and retailing (ditto) quite take us into that level of decline.

Of course, that doesn't mean a downturn won't emerge to knock this famously cyclical industry.

Paying a rising divvy in a cyclical industry always looked a triumph of hope over experience.

The company, which makes ceramic and other equipment that goes into steel plants, has been seen as heavily dependent on a highly cyclical industry.

Most analysts would distance themselves from such a gloomy prognosis, arguing that a cyclical market will correct itself and pick up by 2012.

They also reported cashflow and liquidity challenges, alongside less favourable cyclical market conditions.

The year 2008 showed the direct impact that the events were cyclical market in our company.

This cyclical process involves going back and forth between phases of data analysis as needed until you are satisfied with the final themes.

This cyclical process ends with the attainment of liberation moksha.

In a system, this heat energy can be transformed into work, and work can be transformed into heat through a cyclical process.

The caldera would slowly refill with magma, building a new volcano, which erupted and then collapsed in an ongoing cyclical process.

For roughly the past hundred years, humans have been disrupting the cyclical processes of nature at an accelerating pace.

But it may sustain the current rating only if the cyclical trend stops.

Cyclical trends are also emerging.

This gives some protection from the usual cyclical trends in chemicals and against the inevitable erosion of earnings from the high pound.

The packagers are not immune to cyclical trends.

It has caused a problem in the past for highly cyclical stocks such as oil producers and miners.

It would be seen as simply a tax grab on an industry that happens to be doing well because its profits are highly cyclical.

It's a highly cyclical sector, but during boom times, with the right project, the enthusiasm of stock markets and venture capitalists can be unbounded.

The company, which makes ceramic and other equipment that goes into steel plants, has been seen as heavily dependent on a highly cyclical industry.

These are highly cyclical businesses that can outperform significantly when the market turns up.