De DNB business cycle indicator (red line) reached a trough in March 2024 and then turned upward. It signals that in March 2024 the upward phase in the economic growth cycle (blue line) has started. Since then, the increase of the indicator has continued. In December 2024 the indicator approaches the horizontal line. That means that GDP growth comes close to trend growth (annual basis).
A point of attention with the DNB business cycle indicator is that it is constructed to predict business cycle turning points and not to make predictions for GDP growth.
© DNB
Data output DNB Business cycle indicator
‘Our world is currently threatened by increasing fragmentation, both political and economic.’ concluded Olaf Sleijpen in his opening speech at the 8th Annual Macroprudential Conference, organised by the Bundesbank, the Riksbank and De Nederlandsche Bank.
Read more On how geo-economic fragmentation affects financial stability
The Dutch conduit sector is shrinking faster than previously assumed. This is one of the findings of a five-yearly revision of the balance of payments figures, the results of which are being published by DNB today.
Read more Contraction of Dutch conduit sector previously underestimated
‘Economic growth in the Netherlands is expected to pick up in the year ahead, spurring confidence in a “soft landing” for our economy.’ Klaas Knot said this today during the annual public session in the House of Representatives on macroeconomic risks to the financial system.
Read more Klaas Knot’s introductory statement for the Standing Parliamentary Committee for Finance
Trust in the financial institutions among Dutch households remained stable over the past year. This has emerged from a DNB survey of more than 2,400 households.
Read more Public trust in banks, insurers and pension funds remains stable
