Global trade to expand modestly: WTO

Dhaka,  Wed,  24 May 2017
Published : 15 May 2017, 18:18:11 | Updated : 15 May 2017, 18:36:06
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Global trade to expand modestly: WTO

Global trade to expand modestly: WTO
FE Online Report
World Trade Outlook Indicator (WTOI) of the World Trade Organisation (WTO) suggests that global trade will continue to expand moderately in the second quarter of the current calendar year.

The latest reading of the index is 102.2 and highest since May 2011, according to a press statement of the organisation.

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.

It, however, mentioned that strength in the overall index is ‘tempered by weakness in certain component indices.’

The WTOI is a leading indicator of world trade, designed to provide ‘real time’ information on the trajectory of merchandise trade ahead of trade volume statistics.

Combining a variety of trade-related measures, the WTOI provides an early signal of the current direction of world trade and where it is likely to go in the near future.  

The main components of the WTOI, including export orders, container shipping and air freight, recorded strong gains in recent months, signalling above-trend growth in merchandise trade volumes for the second quarter.

However, the upward trend is balanced by weak demand for automotive products, electronics and agriculture raw materials.

The latest reading is up slightly from the previous value of 102.0, which suggested that trade volume growth would be above trend in the first and second quarters of 2017.

These results are broadly in line with the WTO trade forecast issued on 12 April, which foresaw a return to moderate trade growth this year after sluggish expansion last year.

 
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