Analysis January: Economic situation slightly less favourable
According to Statistics Netherlands’ Business Cycle Tracer, the economic situation in January 2020 is slightly 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 January, new data have become available for all monthly indicators. As a result, the distribution of the indicators across and within the quadrants has changed.
Two indicators moved to another quadrant. Consumption moved from the orange to the red quadrant. This indicator is performing below its long-term average now, and the growth grate is decreasing. On the other hand, manufacturing production moved from the red to the yellow quadrant. This indicator is still performing below its long-term average, but the growth grate is increasing now.
Eight indicators of the Business Cycle Tracer are situated in the orange, three in the yellow, one is situated in the red and one in the green 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.