Outside the dotted line: more favourable than average.
Exports Radar: circumstances more favourable
Circumstances for Dutch exports in May 2018 are more favourable than in April. According to May’s Exports Radar, four indicators improved and two hardly changed. Since the publication of April’s Exports Radar, new data have become available for each of the 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 year-on-year development of the German manufacturing output was more favourable than in the previous month. Further, the opinion of Dutch manufacturers about their foreign orders improved. In addition, producer confidence in Germany and in the Eurozone rose. The opinion of manufacturers in the Eurozone about their foreign orders and the development of the real effective exchange rates on an annual basis hardly changed.
Explanatory notes Exports Radar.