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