Economy
May 16, 2017
World Trade Outlook Indicator Suggests Moderate Trade Expansion in Q2
Written by Sandy Williams
The World Trade Organization expects global trade to continue to expand moderately in second quarter 2017. The World Trade Outlook Indicator (WTOI) rose to 102.2 and was the highest reading since May 2011.
Export orders, container shipping, and air freight recorded strong gains in recent months, signaling above-trend growth in merchandise trade volumes for the second quarter, according to WTO. Demand weakened for automotive products, electronics and agriculture raw materials.
