The CBS Exports Radar indicates that circumstances for exports in February 2020 are slightly more favourable than in December 2019.
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Conditions for exports in February slightly more favourable than in December
Every month, CBS also publishes updates on the circumstances for exports in the Exports Radar. Conditions are strongly affected by recent developments on the main export markets for Dutch products and by the competitive position of the Netherlands. Although the Radar indicators show a strong correlation with export activity, improved circumstances are not necessarily translated into increased export growth.
According to the CBS Exports Radar, circumstances for exports in February are slightly more favourable than in December. This is mainly because producer confidence in Germany and the eurozone was less negative. Furthermore, the development of the real effective exchange rate improved on an annual basis. However, the year-on-year decline in the German manufacturing output was more substantial.