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Netherlands' volume of goods exports dip 0.9% in July 2023: CBS

July also saw a *.* per cent year-on-year (YoY) increase in the volume of goods imports, indicating a divergence in the movement of imports and exports, as per CBS.

Looking ahead to September, the CBS Exports Radar predicts more unfavourable circumstances for exports compared to July. A significant factor contributing to this bleak forecast is the diminished producer confidence in Germany, a key trading partner for the Netherlands. This downturn in morale is further exacerbated by a shift in the YoY growth of German manufacturing output, which has regrettably spiralled into contraction.