May 24, 2019

CPB World Trade Monitor March 2019

The CPB World Trade Monitor shows that the volume of world trade increased 0.5% in March, having decreased 1.1% in February (initial estimate -1.7%), and growth in 2019Q1 was -0.3% (-0.6% in 2018Q4).

Developments in global international trade and industrial production March 2019:

  • World trade volume increased 0.5% month-on-month (growth was -1.1% in February, initial estimate -1.7%) and growth was -0.3% in 2019Q1 (-0.6% in 2018Q4).
  • World trade momentum was -0.3% (non-annualised; -1.1% in February, initial estimate -1.9%).
  • World industrial production increased 0.8% month-on-month (-0.1% in February, unchanged from initial estimate) and growth was 0.1% in 2019Q1 (+0.3% in 2018Q4).
  • World industrial production momentum was +0.1% (non-annualised; -0.1% in February, initial estimate -0.2%).

The next release of the CPB World Trade Monitor is scheduled tentatively for 25 June 2019, 15:00 hours.

For questions, please contact wtm@cpb.nl.
Read also the CPB Background Document 'The CPB World Trade Monitor: technical description'.

In September 2016 (starting with the July 2016 monitor) the WTM base year has been moved from 2005 to 2010. Clarification of the procedure and its outcomes is given in the downloadable appendix (CPB Memo 'Change of base year WTM').

The World Trade Monitor is partially financed by DG ECFIN (Directorate General of Economic and Monetary Affairs of the Economic Commission).

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