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 |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
