The CBS Exports Radar indicates that circumstances for exports in May are less favourable than in March.
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Conditions for exports in May less favourable than in March
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 less favourable than in March. Producer confidence in not just Germany but across the entire euro area has deteriorated significantly. Furthermore, the decline in German manufacturing output was more substantial.
From January 2022 onwards, CBS applies new methodology in the monitoring and processing of data for the International trade statistic. As a result, the year-on-year development of imports and exports has a greater uncertainty margin than is customary.