The CBS Exports Radar indicates that in November circumstances for exports are less unfavourable than they were in September.
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Conditions for exports in November less unfavourable than in September
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 November are less unfavourable than in September. This is mainly because the year-on-year decline in German manufacturing output was substantially smaller. Furthermore, producer confidence in Germany and the eurozone was again less negative. In addition, Dutch and European manufacturers were less pessimistic about their foreign orders.