Analysis November: Economic boom
According to Statistics Netherlands’ Business Cycle Tracer, the economic situation in November 2017 is favourable. All indicators of the Tracer are performing above their long-term average.
In the course of November new data have become available for all indicators, except for turnover by employment agencies. As a result of the new information, the distribution of the indicators within the quadrants has changed.
One indicator moved to another quadrant. Manufacturing production moved back from the orange to the green quadrant. This indicator is performing above the long-term trend and the trend is upward now.
Twelve indicators of the Business Cycle Tracer are situated in the green quadrant and one in the orange 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.