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During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year.
Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.
Of the 67 counties in Alabama, 25 are partially dry or "moist" (these counties contain cities that have voted to allow alcohol sales), and 42 are completely wet.
Clay County was the last county in the state to prohibit all alcohol sales countywide, but became partially wet on March 1, 2016, when two cities in the county voted to authorize alcohol sales.
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Still, a well-defined peak or trough in real sales or IP might help to determine the overall peak or trough dates, particularly if the economy-wide indicators are in conflict or do not have well-defined peaks or troughs.
It examines and compares the behavior of various measures of broad activity: real GDP measured on the product and income sides, economy-wide employment, and real income.
The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve's index of industrial production (IP).
Another 59 counties (including Johnson County, the largest county in Kansas and the largest Kansas portion of the Kansas City Metropolitan Area) approved the 1986 amendment but with a requirement that to sell liquor by the drink, an establishment must receive 30% of its gross revenues from food sales.
Tisbury is a formerly dry town that became partially wet after voters passed a motion at the Tisbury town election on April 27, 2012.