Another, related phenomenon is the decline in amplitude which cyclical waves have shown in recent years. In most industrialised countries, cyclical movements have been strongly damped since the first half of the 1980s. Several explanations have been offered, one of which is the gradual shift in the economy from industry to services.
This may cause damping because fluctuations in industrial production tend to be relatively large. The share of services in overall employment has increased from  BIS Review 2/2003  1  47% in 1960 to 70% today.