DECLINING INDUSTRY
It is an industry that is going to go down and will affect the economic growth of a country. Or it is an industry that once had a good blown industry but as time goes by it is slowly going down. Reasons for a declining industry are the consumer demand may be steadily evaporating, the depletion of a natural resource may be occurring, or there may be the emergent substitutes because of technological innovation. An example of a declining industry is the railroad industry, it xperienced decrease in demand but has failed to remain competitive in pricing and it is more efficient than the airlines and trucking services.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Dec | |
| 02:30 | PMI Manufacturing | Dec | |
| 02:30 | Tertiary Industry Index | Dec | |
| 02:30 | PMI Composite | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference |
