The CBS Exports Radar indicates that circumstances for exports in March 2020 are more favourable than in January 2020.
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Conditions for exports in March more favourable than in January
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 March are more favourable than in January. This is 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 and the year-on-year decline in the German manufacturing output was less substantial.
Note: The developments of the past few weeks have not been incorporated in the Exports Radar for March.