The CBS Exports Radar indicates that circumstances for exports are more favourable in May than they were in March.
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Conditions for exports more favourable in May
Every month, CBS also publishes updates on the circumstances for exports in the Exports Radar. Conditions are largely determined by developments on the main export markets for Dutch domestic products and in 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 May are more favourable than in March. All indicators improved significantly. Producer confidence in both Germany and the eurozone increased. Furthermore, the year-on-year decline in German manufacturing output changed into growth. The increase in the real effective exchange rate was less substantial. European manufacturers were less pessimistic about their foreign orders, while Dutch manufacturers were positive about their foreign orders for the first time since August 2018.