According to Statistics Netherlands’ Business Cycle Tracer, the economic situation improved marginally in March 2015 relative to February. The recovery is fragile. In the period between summer 2013 and spring 2014, the economy improved gradually but since then the recovery process has slowed down. The heart of the indicators in the Tracer is located in the recovery stage.
In the course of March, new data have become available for all indicators, except for job vacancies and temp jobs. As a result of the new information, the distribution of indicators across and within the quadrants has changed.
Five indicators moved to another quadrant. Consumer confidence moved from the red to the green quadrant. The trend reversed from downwards to upwards and the indicator is currently performing above its long-term average. Jobs and large purchases moved from the yellow to the green quadrant. The trend for these indicators is upward and they are now performing above their long-term trend. Manufacturing output moved from the red to the yellow quadrant. The trend for this indicator is upward instead of downward, but it is still performing below its long-term average. Orders received moved from the green to the orange quadrant. The trend for this indicator shifted from upwards to downwards , but it is still performing above its long-term trend.
At the end of March, the heart of the scatter in the Tracer is located in the recovery stage. Ten of the fifteen indicators are in the green quadrant, two in the yellow, two in the orange and one in the red. The growth rate of indicators in the red quadrant is below their long-term trend and slowing down. The growth rate of indicators in the yellow quadrant is also below their long-term trend, but increasing. The growth rate of the indicators in the green quadrant is above their long-term trend and increasing. The growth rate of indicators located in the orange quadrant is also above their long-term trend, 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