Outside the dotted line: more favourable than average.
Exports Radar: circumstances less unfavourable
Circumstances for Dutch exports in January 2021 were less unfavourable. Since the publication of the previous Exports Radar, new data have become available for six indicators. Six indicators 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.
Dutch and European manufacturers were less pessimistic about their foreign orders. Producer confidence in the Eurozone and Germany improved somewhat. The year-on-year decline in German manufacturing output was less substantial. The development of the real effective exchange rate was slightly less unfavourable.
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