Analysis July: Economic situation slightly less favourable
According to Statistics Netherlands’ Business Cycle Tracer, the economic situation in July 2019 is slightly less favourable than in the previous month. Eleven of the thirteen indicators of the Tracer are performing above their long-term average.
In the course of July, new data have become available for all monthly indicators. As a result, the distribution of the indicators within the quadrants has changed.
Three indicators moved to another quadrant. Investments moved from the orange to the green quadrant. The trend is upward and the indicator is performing above its long-term trend. Consumer confidence moved from the red to the yellow quadrant. This indicator is performing below its long-term trend, but the trend is upward now. Unemployment moved from the green to the orange quadrant. This indicator is performing above its long-term trend, but the trend is downward now.
Six indicators of the Business Cycle Tracer are situated in the green quadrant, five in the orange and two 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.