Analysis May: Economic situation virtually unchanged
According to Statistics Netherlands’ Business Cycle Tracer, the economic situation in May 2019 is more or less the same as in the previous month. Ten of the thirteen indicators of the Tracer are performing above their long-term average.
In the course of May, new data have become available for all indicators, except for turnover by temp jobs agencies. As a result, the distribution of the indicators within the quadrants has changed.
Four indicators moved to another quadrant. GDP and producer confidence moved back from the orange to the green quadrant. These indicators are performing above their long-term trend and the trend is upward now. Exports moved on from the red to the yellow quadrant. This indicator is performing below its long-term trend, but increasing. Bankruptcies moved on from the orange to the red quadrant. This indicator is performing below its long-term trend and slowing down.
Seven indicators of the Business Cycle Tracer are situated in the green quadrant, three in the orange, two in the red and one in de 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.