A further decline in world trade in May, but also signs of recovery in the eurozone
On the positive side, trade in the eurozone appears to be rebounding, imports are up 6.5% and exports are up 10.2% (compared to the low level of trade in April). This positive development is due to the fact that measures were relaxed in many eurozone countries in April and May. In other major economies such as the US, China and Japan, imports and exports continue to decline or only slightly increase (for example, exports in China grew 0.9% in May).
The decline in global industrial production appears to have stopped, with a slight increase in May (0.8%). Here again, the most striking is the recovery in the eurozone (+ 13%), which makes up for part of the decline in March and April.
Look at the CPB World Trade Monitor.