Analysis April 2021: Economic situation deteriorated
According to Statistics Netherlands’ Business Cycle Tracer, the economy in April is more negative and remains deep in the recession stage. In the tracer, 8 out of the 13 indicators are positioned below their long-term trend. As from the reporting month April March 2020, the measures taken against the spread of coronavirus have had a major impact on many indicators in the Business Cycle Tracer.
For some indicators, the month-on-month change (the X coordinate) was drastic to the extent that they no longer fall within the coordinates of the BCT visualisation. The coordinates have now been clipped at the edges in order to show the position of the indicators nevertheless. Some indicators are not shown completely as their coordinates are similar and they are positioned on top of each other, e.g. (investments and manufacturing output).
In the course of April, new data have become available for all monthly indicators. As a result, the distribution of the indicators across and within the quadrants has changed.
Five indicators moved to another quadrant. Exports and bankruptcies moved from the green to the orange quadrant. Producer confidence moved from the red to the green quadrant. Manufacturing
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