0. Rapid estimates: a dashboard for short-term economic developments
Kees Zeelenberg
(Director of Methodology & Quality,
Statistics Netherlands)

1. Questions for discussion
Contents
Dashboard
Tracer
Indicator
Questions for discussion
Business cycle Dashboard

2. Business cycle Dashboard (1)
Set of indicators
Some leading, some coincident, some lagging
Cyclical component of the indicators; shown as standardized deviation from trend
Complete and coherent analysis of the cyclical aspects of the economy
Business cycle Dashboard

3. Business cycle Dashboard (2)
Sentiment indicators
Economic indicators
Labour market indicators
Business cycle Dashboard

4. Business cycle dashboard

5. Downswing, recession, recovery, boom
Business cycle Dashboard

6. Business cycle Dashboard (3)
Sentiment indicators :
Producer confidence
Orders received
Consumer confidence
Large purchases
Business cycle Dashboard

7. Business cycle Dashboard (4)
Economic indicators :
GDP
Fixed capital formation
Manufacturing output
Consumption
Exports
Capital market interest rate
Business cycle Dashboard

8. Business cycle Dashboard (5)
Labour market indicators :
Jobs
Temp jobs
Unemployment
Vacancies
Bankruptcies
Business cycle Dashboard

9. Business cycle Dashboard

10. Summary of Business cycle Dashboard Moving pictures Examples:
Business cycle Tracer
Summary of Business cycle Dashboard
Moving pictures
Examples:
Statistics Netherlands
Eurostat
OECD
ABS (Australia)
Korea
Business cycle Dashboard

11. Business cycle tracer (“clock”)
Business cycle Dashboard

12. BCT Indicator: Summary of Dashboard and Tracer (“pointer of the business cycle clock”)
Business cycle Dashboard

13. Questions for discussion
Is it important to have a dashboard (set of indicators) compared with a single indicator?
Does the dashboard help to understand and analyze the developments in the economy?
Is one synthetic indicator (BCT-indicator) relevant and useful?
Does it make sense to combine several types of indicators (sentiment, economic, labour)?
Is the presentation of dashboard, tracer and indicator adequate?
Is there any user feedback?
Business cycle Dashboard