Tuesday, 21 January 2014 - 16:18
More signs the Dutch economy is improving
Compared to late 2012, when the Dutch economy was still in a deep recession, the economy had entered a recovery stage by the end of 2013, according to the Business Cycle Tracer (BCT), published by Statistics Netherlands.
The BCT, using 15 indicators to draw a picture of the economic situation, showed a worsening of the economic situation in the first half of 2013, with its lowest point in April and May, after which a gradual improvement in the economy became evident.
BCT_ Business Cycle Tracer,
Statistics Netherlands As more and more of the indicators moved from the recession stage to the recovery stage, the unemployment indicator remained in the red, along with employment opportunities and temporary jobs. However, with only 6 indicators in the red by the end of 2013, compared to 13 in 2012, there's definitely an improvement noticeable in the economy. Despite the improvements in many of the indicators, such as consumer confidence, household consumption, the capital market rate, and the gross domestic product, the BCT still indicates the numbers are below their long-term average.
Statistics Netherlands As more and more of the indicators moved from the recession stage to the recovery stage, the unemployment indicator remained in the red, along with employment opportunities and temporary jobs. However, with only 6 indicators in the red by the end of 2013, compared to 13 in 2012, there's definitely an improvement noticeable in the economy. Despite the improvements in many of the indicators, such as consumer confidence, household consumption, the capital market rate, and the gross domestic product, the BCT still indicates the numbers are below their long-term average.
