Courtney Agencies Ltd. provides a weekly industry news update to its clients.
Please click here to receive this update by email.
November 16, 2017
Trade growth will moderate in fourth quarter, according to WTO
The World Trade Organization's (WTO) latest trade indicator data suggests that global merchandise trade growth will likely moderate in the fourth quarter of 2017.
The indicator's latest reading of 102.2 signals continued trade expansion in volume terms, although the pace of growth should be slower than earlier in the year, when trade recorded strong increases.
Combining a variety of trade-related measures, the World Trade Outlook Indicator provides an early signal of the current direction of world trade and where it is likely to go in the near future. A reading of 100 indicates trade growth in line with medium-term trends, while readings greater or less than 100 suggest above or below trend growth.
The latest reading is slightly lower than that issued in August - a value of 102.6 - which pointed to a continuing recovery of trade in the second and third quarters. This was confirmed by actual trade developments, as trade growth remained strong in the second quarter. In the third quarter, a comparable index of world merchandise trade volumes is in line with the indicator, signalling stable trade growth for the period.
Link: World Trade Outlook Indicator (pdf)
|Copyright 2006. All Rights Reserved.|