Global trade activity growth likely slowed in January, but has yet to turn negative according to Panjiva’s index of 12 early-reporting trade measures across three categories. In the maritime segment U.S. seaborne imports increased 5.8% year over year. While shipments through the Panama and Suez Canals both improved activity at the port of Singapore rose by just 0.2% year over year. Export activity declined in three of the five Asian countries tracked by Panjiva. China saw a 9.1% increase though that likely reflects the earlier lunar new year. Two of the three business export sentiment...
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