News Content
Global merchandise trade growth continues into third quarter, says WTO
THE World Trade Organisation's (WTO) World Trade Outlook Indicator (WTOI) indicates that global merchandise trade growth will continue to strengthen in the third quarter of 2017.
The latest reading of 102.6 on the WTOI is higher than the previous reading of 102.2 issued in May this year, suggesting sustained momentum for trade growth. The readings earlier this year anticipated moderate trade growth after weak expansion in 2016, which have now been adjusted to estimate growth above trend, reported American Shipper.
Strong performances in air freight, export orders and container shipping are balanced by weaker results in other indices, said the WTO.
The latest reading is also the highest level of the indicator since April 2011, suggesting that trade volume growth will continue to be above trend. The WTO cites strong growth in export orders, air freight and container shipping as motivating factors in leading the upward trend.
Results for agricultural raw materials and electronic components trade have been weaker, yet both indices have been positive, said the WTO.
However, weak growth in automobile production and sales may signal weakening consumer confidence. According to the WTO, "Global export orders also show signs of plateauing, which could mean that upward momentum in trade growth may have peaked. If this is the case, trade growth would be expected to moderate later this year."
The latest reading of 102.6 on the WTOI is higher than the previous reading of 102.2 issued in May this year, suggesting sustained momentum for trade growth. The readings earlier this year anticipated moderate trade growth after weak expansion in 2016, which have now been adjusted to estimate growth above trend, reported American Shipper.
Strong performances in air freight, export orders and container shipping are balanced by weaker results in other indices, said the WTO.
The latest reading is also the highest level of the indicator since April 2011, suggesting that trade volume growth will continue to be above trend. The WTO cites strong growth in export orders, air freight and container shipping as motivating factors in leading the upward trend.
Results for agricultural raw materials and electronic components trade have been weaker, yet both indices have been positive, said the WTO.
However, weak growth in automobile production and sales may signal weakening consumer confidence. According to the WTO, "Global export orders also show signs of plateauing, which could mean that upward momentum in trade growth may have peaked. If this is the case, trade growth would be expected to moderate later this year."
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
