Analysis November: Economic boom
According to Statistics Netherlands’ Business Cycle Tracer, the economic situation in November 2018 is more or less the same as in the previous month. All indicators of the Tracer are performing above their long-term average.
In the course of November new data have become available for all indicators, except for turnover by employment agencies. As a result, the distribution of the indicators across and within the quadrants has changed.
Three indicators moved to another quadrant. Exports moved back from the orange to the green quadrant. This indicator is performing above its long-term trend and the trend is upward now. On the other hand, consumption and GDP moved from the green to the orange quadrant. These indicators are performing above their long-term average, but the growth grate is decreasing now.
Six indicators of the Business Cycle Tracer are situated in the green quadrant and seven in the orange 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.