Source: WTO
The growth of world merchandise trade volumes is likely to remain weak in the third quarter of 2019 according to the WTO’s Goods Trade Barometer, released on 15 August. The latest reading of 95.7 from the barometer, formerly the World Trade Outlook Indicator (WTOI), is lower than the previous release and signals that stronger trade growth is not yet in sight.
The latest reading continues to fall well below the baseline value of 100 for the index of the renamed barometer, which features a design revamp ahead of the launch of a new Services Trade Barometer in September. The loss of momentum in goods trade has already been confirmed in previous quarters where official data are available. The barometer suggests that below-trend expansion in merchandise trade will persist in the coming months.
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