Switzerland-World Trade Outlook/Q3

World Trade Outlook Indicator shows growth momentum easing further in Q3

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Shotlist


Beijing, China - Aug 10, 2018 (CCTV - No access Chinese mainland)
1. Various of graphics of World Trade Outlook Indicator

FILE: Geneva, Switzerland - July 26, 2018 (CCTV - No access Chinese mainland)
2. Various of WTO headquarters

FILE: Rotterdam, Netherlands - Date Unknown (CCTV - No access Chinese mainland
3. Various of port scenes

FILE: Washington D.C., USA - June 28, 2016 (CGTN - No access Chinese mainland)
4. Various of automobile assembly line

FILE: Detroit, USA - Date Unknown (CGTN - No access Chinese mainland)
5. Various of workers in factory

FILE: El Paso, Texas, USA - Date Unknown (CGTN - No access Chinese mainland)
6. Various of workers at warehouse

FILE: Chicago, Illinois, USA - Recent (CCTV - No access Chinese mainland)
7. Various of planes of United Airlines at airport

Storyline


Trade expansion will likely slow further in the third quarter of 2018, the World Trade Organization's (WTO) latest World Trade Outlook Indicator (WTOI) indicated on Thursday.

The most recent WTOI reading of 100.3 is below the previous value of 101.8 and just above the baseline value of 100 for the index, signaling an easing of trade growth in the coming months in line with medium-term trends, said the WTO in a statement.

"This loss of momentum reflects weakness in component indices including export orders and automobile production and sales, which may be responding to the ratcheting up of trade tensions," said the WTO in the release.

"Rising trade tensions continue to pose risks to the trade forecast and will be monitored closely going forward," warned the WTO.

The moderation in the overall WTOI index was driven by export orders (97.2), which have declined steadily over the course of the year, and automobile production and sales (98.1), which have risen slightly recently but remain below trend.

The indices for air freight (100.9) and container port throughput (102.2) remain above trend but growth momentum in both appears to be past its peak.

Electronic components stayed above trend (102.2) while agricultural raw materials (100.1) moved from below trend to on trend.

Designed to provide "real time" information on the trajectory of world trade relative to recent trends, the WTOI provides an indication of trade growth in the near future, complementing trade statistics and forecasts from the WTO and other organizations.

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.

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  • ID : 8087622
  • Published : 2018-08-10 09:39
  • Last Modified : 2018-08-10 17:54:21
  • Location : Switzerland
  • Category : economy, business and finance
  • Duration : 1'41
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8087622
  • Published : 2018-08-10 14:00
  • Last Modified : 2018-08-10 17:54:21
  • Location : Suisse
  • Category : economy, business and finance
  • Duration : 1'41
  • Audio Language : Nats/Partiellement muet
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 1
  • ID : 8087622
  • Published : 2018-08-10 15:55
  • Last Modified : 2018-08-10 17:54:21
  • Location : سويسرا
  • Category : economy, business and finance
  • Duration : 1'41
  • Audio Language : الصوت الطبيعي/بعضها بلا صوت
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8087622
  • Published : 2018-08-10 17:53
  • Last Modified : 2018-08-10 17:54:22
  • Location : Женева,Швейцария;Пекин,Китай;Роттердам,Нидерланды;Вашингтон, Детройт,США;Эль-Пасо,Техас,США;Чикаго,Иллинойс,США
  • Category : economy, business and finance
  • Duration : 1'41
  • Audio Language : Естественный звук/Частично немое
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : Недоступно материковой части Китая
  • Version : 1
  • ID : 8087622
  • Published : 2018-08-10 16:33
  • Last Modified : 2018-08-10 17:54:21
  • Location : Suiza
  • Category : economy, business and finance
  • Duration : 1'41
  • Audio Language : Nats/Parte Muda
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No acceso a la parte continental de China
  • Version : 1
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