Outside the dotted line: more favourable than average.
Exports Radar: circumstances more favourable
Circumstances for Dutch exports in April 2021 were more favourable than in the previous month. Since the publication of the previous Exports Radar, new data have become available for six indicators. Five indicators improved, one 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 rise of the real effective exchange rate was less substantial. Producer confidence improved in both Germany and the Eurozone. Also European and Dutch manufacturers were less negative about their foreign orders. On the other hand, the year-on-year decline in German manufacturing output was larger than in the previous month.
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