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Global trade on the mend as export decline slows to 10% in June

Brexit 138 Cons. Discr. - Autos 936 Consumer Staples 602 Energy - Conventional 378 European Union 646 Global 1148 Industrials - Capital Goods 456 Trade Balance 860 U.S. 4559 United Kingdom 278

Trade activity in the European Union has continued to decline in June with exports down by 6.4% year over year. That was a lower rate than in prior two months and was helped by a recovery in exports of food and chemicals to outside the EU while fuel, capital goods and transportation lagged. Exports to the U.K. fell by 15.0%, marking one of the worst performances among the EU’s major trade partners, with the potential for stockpiling ahead of the end of current trading relations lying at the end of the year. In dollar terms EU exports fell by 9.9% in June compared to 31.6% in May. When ad...

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