Designs 1 and 3 (red and green) are positive. Designs 2 (blue) and 4 (brown) emphasize the cycle-dynamics (over the secular trend). The cycle seems to be on a pronounced downward path since the start of the year but the secular trend still dominates (red/green are still positive). The industrial sector currently inhibits growth, see 1 (section 3).
A closer look at Design 1 illustrates the main effect of the latest GDP-release:
The down-slope was engaged prior to the Q3-2015 release: the latest number confirms the general tendency. In summary: not really a `news’.
Technical note: small revisions of the above indicator series (when compared to 1, section 5) are due to
- Data revisions
- Re-estimation of filter coefficients (I re-estimate coefficients whenever a new GDP-number is released: this is kind of `worst case’ in terms of revisions).
- In practice I’d recommend re-estimation of filter coefficients at a yearly frequency.