Analysis October: Economic situation slightly less favourable
According to Statistics Netherlands’ Business Cycle Tracer, the economic situation in October 2019 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 October, new data have become available for all monthly indicators. As a result, the distribution of the indicators within the quadrants has changed.
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.