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Analysis January:
The economic situation at the end of January 2012 was about the same as at the end of December 2011. Improvements and downswings more or less balanced each other out. The heart of the scatter in the Business Cycle Tracer is firmly located in the recession stage. All fifteen indicators are currently below the level of their long-term average.
In the course of January, new data have become available for all monthly indicators. As a result, the distribution of the indicators across the quadrants changed somewhat. Manufacturing output has moved from the orange to the red quadrant, but only just.
January’s Tracer shows another remarkable downswing relative to the situation at the end of December. Within the red quadrant, the capital market interest rate moved downwards and to the left. The Tracer also showed some improvements within the red quadrant. Household consumption and exports moved towards the right and slightly upwards into the direction of their long-term average.
At the end of January, the heart of the scatter in the Tracer is located in the red quadrant (indicating recession). Thirteen of the fifteen indicators are in the red quadrant and two in the yellow 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 accelerating. The growth rate of the indicators in the green quadrant is above their long-term average and accelerating. 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?
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