Outside the dotted line: more favourable than average.
Exports Radar: circumstances less favourable
Circumstances for Dutch exports in March 2018 are less favourable than in February. According to March’s Exports Radar, five indicators deteriorated and one hardly changed. Since the publication of February’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.
Producer confidence in Germany dropped. In addition, the year-on-year development of the German manufacturing output was less favourable than in the previous month. Further, the opinion of Dutch manufacturers about their foreign orders deteriorated. Lastly, European producer confidence and the opinion of manufacturers in the Eurozone about their foreign orders also deteriorated. The development of the real effective exchange rates on an annual basis hardly changed compared to the previous month.
Explanatory notes Exports Radar.