Brighter Europe Doesn’t Change Global Export Recession in 3Q — Panjiva


Brighter Europe Doesn’t Change Global Export Recession in 3Q

European Union 545 Global 1006 Trade Balance 799

Exports from the EU to the rest of the world climbed 4.3% year over year in euro terms in September. That marked a reversal from a 3.3% slide a month earlier, and came as German business sentiment towards export orders improved. In dollar terms, though, there was a 2.3% slide. Globally that meant exports across 37 countries tracked by Panjiva fell by 2.0% year over year in 3Q. That marked the third straight quarter of falling trade activity, reaffirming the presence of a global trade recession. The outlook for October is worse – with 13 countries having reported figures there’s been an a...

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