Sykliherkkyys

Sykliherkkyys, known in English as cyclicity sensitivity or cyclical sensitivity, refers to the tendency of certain economic variables or industries to fluctuate more significantly than the overall economy during business cycles. These are sectors or metrics that experience amplified booms during economic expansions and steeper declines during recessions. The term describes how susceptible these elements are to the ups and downs of the economic cycle.

Industries often exhibiting high sykliherkkyys include those that produce durable goods, such as automobiles and housing, as consumers and businesses tend to postpone large purchases during economic downturns. Capital goods industries, which supply equipment for production, also display strong cyclical sensitivity. Financial services, travel and tourism, and certain segments of the technology sector can also be considered highly sykliherkkä.

Conversely, sectors like healthcare, utilities, and essential consumer staples tend to have low sykliherkkyys. Demand for these goods and services remains relatively stable regardless of the economic climate, making them more resilient to cyclical fluctuations. Understanding sykliherkkyys is important for investors, policymakers, and businesses to anticipate and manage economic volatility.