Outside the dotted line: more favourable than average.
Exports Radar: circumstances deteriorated
Circumstances for Dutch exports in May 2019 deteriorated. Since the publication of April’s Exports Radar, new data have become available for each of the six indicators. According to May’s Exports Radar, three indicators deteriorated and three improved. 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 improved. Also the opinion of manufacturers in the Netherlands and the Eurozone about their foreign orders was less negative. However producer confidence in the Eurozone and Germany was more negative than in the previous month. The development of the German manufacturing output was also more unfavourable.
Explanatory notes Exports Radar.