Business cycle tracer

Statistics Netherlands’ Business cycle tracer is a tool to assist in the analysis of the state and the course of the Dutch economy.

December 2015

Source: Statistics Netherlands

Analysis April 2022: Economic outlook slightly more positive

According to Statistics Netherlands’ Business Cycle Tracer, the economic outlook in April was slightly more positive than in the previous month. In the tracer, 9 out of the 13 indicators are positioned below their long-term trend. As from the reporting month March 2020, the measures taken against the spread of coronavirus have had a major impact on many indicators in the Business Cycle Tracer.

For a large number of 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. They have been positioned close to the left and right-hand edges.

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.

Two indicators moved to another quadrant. Investments moved from the red to the green quadrant. House prices moved from the orange to the green quadrant.

Eight indicators of the Business Cycle Tracer are situated in the green, four in the red and one 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.

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