OECD SHORT-TERM ECONOMIC STATISTICS WORKING PARTY
Short introduction to the Statistics Netherlands Business Cycle Tracer
Floris van Ruth and Roberto Wekker
Macro-economic Statistics and Publications Division
Department of prices and business cycle statistics
Submitted to the Working Party under item 6 of the draft agenda
26 – 28 June 2006
OECD Headquarters, Paris
Starting at 9:30 a.m. on the first day
What is the Statistics Netherlands Business Cycle
Figure 1. Business Cycle Tracer for October 2003.
The Business Cycle Tracer is a tool for displaying and analyzing the current
developments in important macro-economic indicators. It offers an easy and robust
method for assessing the state of the economy and for analysing the relations
between economic indicators. The tracer contains a selection of the most important
Dutch macro-economic indicators. The series have been filtered to obtain the
medium-term (business cycle frequency) developments.
How does the Business Cycle Tracer work?
Each indicator is placed in the diagram according to its deviation from trend
(vertical axis) and the period-on-period change (horizontal-axis) herein. This
immediately shows whether an indicator is performing above or below its average
development and whether the short-term development is increasing or decreasing.
Consumer Survey; Durables
Business Survey; Orders
Bond Yield (10Y)
Unemployed Labour force
Jobs of Employees
Fixed Capital Formation
Figure 2; Construction Business Cycle Tracer diagram, division into