Outside the dotted line: more favourable than average.
Exports Radar: circumstances remain the same
Circumstances for Dutch exports in November 2018 didn’t change. Since the publication of October’s Exports Radar, new data have become available for each of the six indicators. According to November’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 on an annual basis and the year-on-year development of the German manufacturing output improved. Also the opinion of manufacturers in the Netherlands about their foreign orders improved slightly. However producer confidence in the Eurozone and in Germany was less favourable and the opinion of manufacturers in the Eurozone about their foreign orders deteriorated slightly.
Explanatory notes Exports Radar.