The economic situation at the end of November was slightly better than at the end of October. Improvements outnumbered deteriorations. The heart of the scatter in the Business Cycle Tracer moved to the recovery stage. Currently, thirteen of the fifteen indicators are still performing below their long-term average.
In the course of November, new data have become available for all indicators. As a result of the new information, the distribution of the indicators between and within the quadrants has changed. The unemployment and the fixed capital formation moved from the red into the yellow quadrant. The trend for these indicators shifts from downwards to upwards, but the indicators are still performing below their long-term average. The capital market rate moved from the green into the orange quadrant. The trend reversed from upwards to downwards, but capital market rate is still performing better than its long-term average. Exports moved back from the yellow to the red quadrant and is performing below its long-term average.
At the end of November, the heart of the scatter in the Tracer is located in the recovery stage. Seven of the fifteen indicators are in the yellow quadrant, six are in the red quadrant, one in the orange quadrant and one is in the green quadrant. The growth rate of indicators in the red quadrant is below their long-term average and slowing down. The growth rate of indicators in the yellow quadrant is also below their long-term average, but increasing. The growth rate of the indicators in the green quadrant is above their long-term average and increasing. The growth rate of indicators located in the orange quadrant is also above their long-term average, but slowing down.
The Business Cycle Dashboard shows the cyle of the seperate indicators.
The BCT indicator shows the cycle of the heart of the scatter in the Tracer.
Do you want to know how Statistics Netherlands' Business Cycle Tracer works? It is on YouTube: How does the Business Cycle Tracer work?.New look for the business Cycle Tracer
Do you want to see how the economic downturn developed? It is on YouTube: Looking at the economic downturn.
Brief explanation Business Cycle Tracer
Definitions of indicators in the Business Cycle Tracer (BCT)
Methodological aspects, concept, cycle computation and indicator selection