Monitoring conditions for consumption, exports and fixed capital formation, the radar concept

This paper by Floris van Ruth describes the concept, working and outcomes of the Statistics Netherlands export, consumption and fixed capital formation radars. These are tools for monitoring and showing how conditions develop for the growth of the target key macro-economic indicators. By showing in one diagram indicators representing the driving factors for the relevant macro-economic quantity, a general picture is given of how conditions for this central indicator are developing. The graphic and dynamic character of the radar-concept allows for easy and quick analysis. This study presents the indicators selected for the export, consumption and fixed capital formation radars and their properties. From these radars a conditions indicator can be derived. The significance of the conditions for explaining the development of the central indicators is tested, as well as their predictive powers.