Analysis September: Economic situation less favourable
According to Statistics Netherlands’ Business Cycle Tracer, the economic situation in September 2019 is less favourable than in the previous month. Nine of the thirteen indicators of the Tracer are performing above their long-term average.
In the course of September, new data have become available for all indicators, except for vacancies. As a result, the distribution of the indicators across and within the quadrants has changed.
Three indicators moved to another quadrant. Investments and turnover by employment agencies moved from the green to the orange quadrant. The trend is downward and these indicators are performing above their long-term trend. Consumer confidence moved back from the yellow to the red quadrant. This indicator is performing below its long-term trend and the trend is downward now.
Three indicators of the Business Cycle Tracer are situated in the green quadrant, six in the orange, and four in the red 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.