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Business Cycle Tracer, 31 July 2015 09:30

Economic situation improves again

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Analysis July:

According to Statistics Netherlands’ Business Cycle Tracer, the economic situation improved considerably in July 2015 from June. The Dutch economy improved continually in the period between summer 2013 and spring 2014, but since then the economic situation improved step by step. Since May, the upward trend has been accelerating. Almost all indicators in the Tracer are performing better than their long-term trend in July.

In the course of July, new data have become available for all ten monthly indicators. As a result of the new information, the distribution of the indicators across and within the quadrants has changed.

Only one indicator moved to another quadrant. Manufacturing output moved from the red to the yellow quadrant. The trend for this indicator shifted from downward to upward and the indicator is performing below its long-term trend.

According to the Business Cycle Tracer, almost all indicators in the Tracer are performing better than their long-term trend. Twelve of the fifteen indicators are in the green quadrant and three in the yellow quadrant. 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?.
Do you want to see how the economic downturn developed? It is on YouTube: Looking at the economic downturn.

New look for the business Cycle Tracer

Brief explanation Business Cycle Tracer
Definitions of indicators in the Business Cycle Tracer (BCT)
Methodological aspects, concept, cycle computation and indicator selection

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