The chemical industry operates on much lower margins, and some of it is extremely vulnerable to cyclical swings in the industrial economy.

You don't see us with the cyclical swings.

The bank said inflation, not cyclical economic swings, should be central banks' No. 1 enemy.

It has pretty much functioned on a break-even basis since then, through cyclical swings from deficit to surplus.

"There's more of a normal market risk - a cyclical swing."

Indeed, some analysts had said that the industry had left behind the cyclical swings it suffered from in the past.

The cyclical swings in high-tech stocks can change somewhat from year to year.

A diverse crop and livestock system, the report said, enables farmers to protect themselves from cyclical swings in prices.

In the past, the memory business has been most prone to big cyclical swings in demand and prices.

Many people on Wall Street say brokerage-firm shares, despite rich prices and a history of sharp cyclical swings, have more room to fly.