Outside the dotted line: more favourable than average.
Exports Radar: circumstances deteriorated
Circumstances for Dutch exports in January 2019 deteriorated. Since the publication of December’s Exports Radar, new data have become available for each of the six indicators. According to January’s Exports Radar, all indicators deteriorated. 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 year-on-year development of the German manufacturing output deteriorated. The opinion of manufacturers in the Netherlands and in particular the eurozone about their foreign orders was less favourable. Also producer confidence in the Eurozone and in Germany decreased. The development of the real effective exchange rates on an annual basis deteriorated slightly.
Explanatory notes Exports Radar.