{"version":"1","article":{"id":"netherlands-september-2026-business-cycle-tracer","slug":"netherlands-september-2026-business-cycle-tracer","language":"en","url":"https://haberpaper.com/en/news/netherlands-september-2026-business-cycle-tracer","api_url":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer?lang=en","title":"Dutch economic indicator becomes less negative in September, CBS says","summary":"The Business Cycle Tracer rose to -0.23, while nine of its 13 indicators remained below their long-term trend.","category":"economy","region":"world","topics":[],"published_at":"2026-10-08T01:26:48+03:00","modified_at":"2026-10-08T01:26:48+03:00","publication_basis":"publication-record","event_period":"2026-09","event_period_basis":"event-or-reference-period","sources":[{"name":"Statistics Netherlands (CBS)","url":"https://www.cbs.nl/en-gb/news/2026/40/economic-picture-less-negative-in-september","publishedAt":"2026-09-30","checkedAt":"2026-10-08"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/netherlands-september-2026-business-cycle-tracer","api_url":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/netherlands-september-2026-business-cycle-tracer","api_url":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/netherlands-september-2026-business-cycle-tracer","api_url":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/netherlands-september-2026-business-cycle-tracer","api_url":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/netherlands-september-2026-business-cycle-tracer","api_url":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer?lang=es"}],"data_types":["metrics"],"data":{"version":1,"blocks":[{"id":"netherlands-business-cycle-tracer-september-2026","type":"metrics","title":{"tr":"CBS İş Çevrimi İzleyicisi, Eylül 2026","en":"CBS Business Cycle Tracer, September 2026","ar":"مؤشر دورة الأعمال لدى CBS، سبتمبر 2026","fr":"Tracer du cycle économique CBS, septembre 2026","es":"Business Cycle Tracer de CBS, septiembre de 2026"},"description":{"tr":"GSYH hariç göstergelerin eğilimden uzaklıklarının ağırlıksız ortalaması ve eğilim altındaki gösterge adedi.","en":"Unweighted average of indicator distances from trend excluding GDP, and number of indicators below trend.","ar":"متوسط غير موزون لمسافات المؤشرات عن الاتجاه باستثناء الناتج المحلي، وعدد المؤشرات الأدنى من الاتجاه.","fr":"Moyenne non pondérée des distances à la tendance hors PIB et nombre d’indicateurs sous tendance.","es":"Promedio no ponderado de distancias respecto de la tendencia, sin PIB, y número de indicadores bajo tendencia."},"methodology":{"tr":"CBS bileşik puanı GSYH dışındaki 13 göstergenin eğilimden uzaklıklarının ağırlıksız ortalamasıdır; sıfır uzun dönem eğilimini gösterir. Puan ekonomik büyüme yüzdesi değildir. Gösterge sayısı, eğilim altında kalan bileşenlerdir.","en":"CBS computes the composite as an unweighted average of distances from trend for 13 indicators excluding GDP; zero denotes the long-term trend. The score is not an economic growth rate. The count reports components below trend.","ar":"يحسب CBS المؤشر المركب كمتوسط غير موزون لمسافات 13 مؤشرا عن الاتجاه باستثناء الناتج المحلي؛ ويمثل الصفر الاتجاه الطويل الأجل. الدرجة ليست معدل نمو. ويعد الرقم عدد المكونات الأدنى من الاتجاه.","fr":"CBS calcule une moyenne non pondérée des distances à la tendance de 13 indicateurs hors PIB ; zéro représente la tendance de long terme. Le score n’est pas un taux de croissance. Le nombre compte les composantes sous tendance.","es":"CBS calcula el promedio no ponderado de las distancias de trece indicadores respecto de la tendencia, excluido el PIB; cero representa la tendencia de largo plazo. La puntuación no es una tasa de crecimiento. El recuento indica componentes bajo tendencia."},"sourceUrls":["https://www.cbs.nl/en-gb/news/2026/40/economic-picture-less-negative-in-september"],"updatedAt":"2026-10-08T00:51:09+03:00","items":[{"label":{"tr":"İş Çevrimi İzleyicisi bileşik göstergesi","en":"Business Cycle Tracer composite indicator","ar":"المؤشر المركب لمؤشر دورة الأعمال","fr":"Indicateur composite du Tracer du cycle économique","es":"Indicador compuesto del Business Cycle Tracer"},"value":-0.23,"unit":"index points","period":"2026-09","basis":"estimate","measure":{"id":"netherlands-business-cycle-tracer-distance-from-trend","unitCode":"index-point","geography":"netherlands","frequency":"monthly","aggregation":"unspecified","periodRole":"reference-period"}},{"label":{"tr":"Uzun dönem eğiliminin altında kalan temel gösterge sayısı","en":"Core indicators below their long-term trend","ar":"عدد المؤشرات الأساسية الأدنى من اتجاهها الطويل الأجل","fr":"Nombre d’indicateurs principaux sous leur tendance de long terme","es":"Número de indicadores principales bajo su tendencia de largo plazo"},"value":9,"unit":"count","period":"2026-09","basis":"observed","measure":{"id":"netherlands-business-cycle-indicators-below-trend","unitCode":"count","geography":"netherlands","frequency":"monthly","aggregation":"stock","periodRole":"reference-period"}}]}]},"data_compilations":[{"id":"netherlands-business-cycle-tracer-september-2026","creator":{"@type":"Organization","@id":"https://haberpaper.com/#organization","name":"Haber Paper","url":"https://haberpaper.com/"},"license":{"@type":"CreativeWork","@id":"https://haberpaper.com/en/data-terms/v1#license","name":"Haber Paper Original Data Compilation License 1.0","url":"https://haberpaper.com/en/data-terms/v1"},"rights_scope":"Haber Paper original data arrangement, labels and methodology notes only; underlying source rights and permissions remain separate.","source_license_url":null}],"data_downloads":[{"id":"netherlands-business-cycle-tracer-september-2026","formats":{"json":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer/data/netherlands-business-cycle-tracer-september-2026?lang=en&format=json","csv":"https://haberpaper.com/api/v1/articles/netherlands-september-2026-business-cycle-tracer/data/netherlands-business-cycle-tracer-september-2026?lang=en&format=csv"}}],"content":{"paragraphs":["Statistics Netherlands (CBS) said the Dutch economic picture was less negative in its September 2026 Business Cycle Tracer than in August. The composite indicator stood at -0.23, compared with -0.26 in August. CBS calculates an unweighted average of the indicators excluding GDP and defines zero as the long-term trend. A negative reading means the composite is below that trend; it is not a negative percentage or a measure of economic contraction. Nine of the 13 indicators were still below their trend line in September.","The composite is not a single data series. It provides monthly context across previously released indicators on production, consumption, foreign trade, employment, confidence and other parts of the economy. CBS averages their distances from trend without weighting them. The -0.23 reading therefore should not be described as GDP growth, output volume, inflation or company sales. Likewise, nine indicators below trend do not mean every industry was in the same position or that the economy was contracting.","The September bulletin presented a mixed set of latest figures. The calendar-adjusted volume of goods exports rose 2.1% year on year in July 2026; household consumption volume increased 1.2%; and manufacturing output was 9% above July 2025, while rising 1.6% from June to July. A second GDP estimate showed growth of 0.6% in the second quarter from the first. These results have different reference periods and adjustment methods; they should not be added into the Tracer’s composite score.","Confidence measures also diverged. Consumer confidence rose to -33 in September, while producer confidence reached 4.2. CBS’s long-term averages are -12 for consumer confidence and -1.3 for manufacturing producer confidence, leaving consumers below and producers above their respective averages. The Tracer illustrates why indicators for different groups may not point in the same direction at once. Household opinions and manufacturers’ production expectations come from different surveys, samples and questions.","The Tracer helps explain the short-term cycle by bringing indicators together, but it does not establish causation. A less negative composite score does not guarantee that every indicator improved or that growth will accelerate in later months. Components are released on different schedules and some are revised; reference periods and seasonal or calendar adjustments matter when comparing them. CBS’s September score is a synthesis of information available for that month when released on 30 September, not a replacement for full September macroeconomic data yet to come."],"key_points":[],"sections":[]},"text":"The Business Cycle Tracer rose to -0.23, while nine of its 13 indicators remained below their long-term trend.\n\nStatistics Netherlands (CBS) said the Dutch economic picture was less negative in its September 2026 Business Cycle Tracer than in August. The composite indicator stood at -0.23, compared with -0.26 in August. CBS calculates an unweighted average of the indicators excluding GDP and defines zero as the long-term trend. A negative reading means the composite is below that trend; it is not a negative percentage or a measure of economic contraction. Nine of the 13 indicators were still below their trend line in September.\n\nThe composite is not a single data series. It provides monthly context across previously released indicators on production, consumption, foreign trade, employment, confidence and other parts of the economy. CBS averages their distances from trend without weighting them. The -0.23 reading therefore should not be described as GDP growth, output volume, inflation or company sales. Likewise, nine indicators below trend do not mean every industry was in the same position or that the economy was contracting.\n\nThe September bulletin presented a mixed set of latest figures. The calendar-adjusted volume of goods exports rose 2.1% year on year in July 2026; household consumption volume increased 1.2%; and manufacturing output was 9% above July 2025, while rising 1.6% from June to July. A second GDP estimate showed growth of 0.6% in the second quarter from the first. These results have different reference periods and adjustment methods; they should not be added into the Tracer’s composite score.\n\nConfidence measures also diverged. Consumer confidence rose to -33 in September, while producer confidence reached 4.2. CBS’s long-term averages are -12 for consumer confidence and -1.3 for manufacturing producer confidence, leaving consumers below and producers above their respective averages. The Tracer illustrates why indicators for different groups may not point in the same direction at once. Household opinions and manufacturers’ production expectations come from different surveys, samples and questions.\n\nThe Tracer helps explain the short-term cycle by bringing indicators together, but it does not establish causation. A less negative composite score does not guarantee that every indicator improved or that growth will accelerate in later months. Components are released on different schedules and some are revised; reference periods and seasonal or calendar adjustments matter when comparing them. CBS’s September score is a synthesis of information available for that month when released on 30 September, not a replacement for full September macroeconomic data yet to come.","corrections":[],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"economy","url":"https://haberpaper.com/assets/illustrations/economy-1536.webp","width":1536,"height":1024,"alt":"Symbolic trading harbour with a cargo ship, containers and a bridge.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"economy","url":"https://haberpaper.com/assets/illustrations/economy-1536.webp","width":1536,"height":1024,"alt":"Symbolic trading harbour with a cargo ship, containers and a bridge.","language":"en"}}}