Short term trends

The Business Cycle Statistics is composed of various indicators, which illuminate economic activity in Greenland. It is intended to provide a short-term picture of economic development, based on trends in the indicators.

The indicators are calculated as current accounts and as balance sheets.

Current accounts are summarizations of quantities or amounts pr.month or quarter, while balance sheets are snapshots at a certain time of year, e.g. at the end of a quarter or half.

The indicators provide a base for quarterly trend estimates, and are compared to previous quarterly trends. The following examples provide a base for calculating average quarterly trends:

· Goods inventories, which are good indicators for import and export.

· Registered income taxes, which is a good measure for labor market activity.

· Bank loans and deposits, which show changes in savings and loans to consumers and businesses. These indicate trends in general spending and investments.