CPB: Global trade continues to pick up
World trade has increased by 1.4% month on month as of July 2014, according to the latest data released by the Netherlands Bureau for Economic Policy Analysis (CPB).
The growth follows an increase of 0.3% month on month in June 2014, with trade volumes improving slightly in most advanced economies, both at the import as well as export side.
In emerging economies, export growth surged, but import growth turned negative.
Trade momentum rose to 1.1% in July (non-annualised) from 0.7% in June. Advanced economies’ import and export momentum did not change from the previous month.
Meanwhile, world industrial production rose 0.5% in July, following a 0.1% increase in June. Production expanded at nearly the same pace in advanced economies and emerging economies.