The Principal European Economic Indicators is an indicators scoreboard describing main economic, labour market and price developments, of high importance for economic and monetary policy. There is a need for summarising information and capture key signals behind indicators’ scoreboards. We will present the Business Cycle Clock tool, a visual representation of the evolution of the economy. We will introduce three different cycles, business, growth and acceleration cycle, and the result of their simultaneous analysis. We will cover the tool methodological framework, including turning points detection and empirical dating, and then present results on the recent output during the COVID-19 crisis.