SME Times is powered by   
Search News
Just in:   • Facebook launches 'bot makeover contest' for SMEs  • Serial entrepreneur acquires Canada-based Pulsus  • India needs over $200 bn of investment in renewable infra  • Moody's upgrade: Thumbs up to reforms  • Equity indices close higher, healthcare stocks boost sentiments 
Last updated: 14 Nov, 2017  

WTO.9.Thmb.jpg WTO suggests moderate global trade growth in Q4

WTO.9.jpg
   Top Stories
» Convey GST benefits to consumers to boost domestic demand: Govt
» Use alternative dispute resolution mechanism: Commerce Minister
» Logistics sector gets infrastructure status
» NSE's IISL launches SME Emerge index
» GST still have some teething troubles: EPCES
IANS | 14 Nov, 2017
The latest World Trade Outlook Indicator suggests global merchandise trade growth is likely to be moderate in the fourth quarter of 2017, the World Trade Organization (WTO) has said.

The latest reading of 102.2 is slightly lower than that issued in August, which pointed to a continuing recovery of trade in the second and third quarters, said the WTO in a statement on Monday, Xinhua reported.

Readings of 100 indicate growth in line with medium-term trends, readings greater than 100 suggest above trend growth, while those below 100 indicate the reverse.

Global export orders remain above trend but has turned downward recently, suggesting that trade growth will moderate but remain fairly strong in the coming months, said the WTO.

The indices for international air freight and container shipping have lost upward momentum, pointing to decelerating trade growth, while automobile production and sales show signs of having bottomed out, which could indicate strengthening consumer confidence, it added.

The WTO said the outlook indicator is not intended as a short-term forecast, although it does provide an indication of trade growth in the near future. Its main contribution is to identify turning points and gauge momentum in global trade growth.

It said the indicator complements trade statistics and forecasts from the WTO and other international organisations.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Nov, 2017
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» GST: Course correction(14)
» Starting an import export business: Basic guide for beginners(13)
» GST Council removes 178 items from 28% slab, only 50 left(6)
» SC asks Unitech to deposit Rs 750 cr by December end(1)
» Economic growth not possible without manufacturing: NITI Aayog CEO(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter