Outside the dotted line: more favourable than average.
Exports Radar: circumstances less favourable
Circumstances for Dutch exports in December 2017 are less favourable than in November. According to December’s Exports Radar, three indicators deteriorated and three improved. Deteriorations were more substantial than improvements. Since the publication of November’s Exports Radar, new data have become available for all six indicators.
Circumstances relevant to Dutch exports are largely determined by developments in the main market for Dutch exports - Germany and the eurozone - and developments in Dutch competitiveness. Although the Radar indicators show a strong correlation with export activity, improved circumstances are not necessarily translated into increased exports growth.
The development of the real effective exchange rates on an annual basis deteriorated.
Also German producer confidence fell and the year-on-year development of the German manufacturing output was less favourable. On the other hand, the opinion of Dutch and European manufacturers about their foreign orders improved. Producer confidence in the eurozone also rose.
Explanatory notes Exports Radar.