CPB World Trade Monitor December 2017
Developments in global international trade and industrial production December 2017:
- World trade volume increased 0.3% month‐on‐month (growth was 2.7% in November, initial estimate 2.4%) and increased 1.1% in 2017Q4 (1.4% in 2017Q3). 2017 turned out to be a remarkably good year for world trade with 4.5% year‐on‐year growth.
- World trade momentum was 1.1 (non‐annualised; 0.9% in November, initial estimate 0.6%).
- World industrial production increased 0.4% month‐on‐month (0.7% in November, initial estimate 0.4%) and increased 1.1% in 2017Q4 (0.8% in 2017Q3).
- World industrial production momentum was 1.1% (non‐annualised; 0.9% in November, initial estimate 0.8%).
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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 release of the next monthly CPB World Trade Monitor is scheduled tentatively for 23 March 2018.
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