U.S. trade sentiment returned to positive territory in July with the latest ISM export order survey reading reaching 50.4 from 48.8 a month earlier, where a figure over 50 indicates an expansion. It should be noted though that only six sectors out of 17 returned positive readings and only two improved compared to a month earlier. Nonetheless, that’s the first positive reading since the pandemic and matches a similar improvement seen in China and Germany. The global trade slowdown in the wake of COVID-19 is also showing signs of lessening. Only 18 out of 25 countries that have re...
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