The phrase
"industry downturn" means a period when a particular industry or sector experiences a decline in its business activity. It usually involves a decrease in demand for products or services, lower sales, reduced profits, and sometimes job losses.
Full definition
Synonyms for individual words can be found below.
«industry»
«downturn»
Sentences with «industry downturn»
- This is why its occupancy rates have not only been among the highest in the industry, but highly stable for several years, including during the recent retail industry downturn. (dailytradealert.com)
- «We also believe that the recent U.S. heavier industry downturn in 2015 and 2016 bodes favorably for sustaining future industrial expansion as the timing of current industrial cyclical upturn remains relatively early in duration.» (cnbc.com)
- • Rocketed sales by 20 % over quota / approximately $ 1.2 M in 2008 and YTD 2009 during volatile economic construction industry downturn. (resumemycareer.com)
- (see all
sentences)