L’indicateur du commerce mondial des marchandises au plus bas de 9 ans selon le WTO, on est au plus bas depuis 2010!
February 19 – Reuters (Tom Miles): “A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years…, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said… The WTO’s quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of 96.3, the weakest since March 2010 and down from 98.6 in November. A reading below 100 signals below-trend growth in trade.”
February 20 – Reuters (Balazs Koranyi and Tom Sims): “Japan’s exports posted their biggest decline in more than two years as China-bound shipments tumbled, fuelling concerns about slowing global demand as the business mood sours and orders for the country’s machinery goods fell sharply. …Japan’s exports fell 8.4% year-on-year in January, a bigger decline than the 5.5% fall expected… It was the sharpest annual decline since October 2016…”
February 17 – Reuters (Stanley White): “Overseas orders for Japanese machinery posted their biggest tumble in more than a decade in December, as trade frictions dented global supply chain demand and manufacturers predicted further declines in orders this quarter. …Core machinery orders, considered a leading indicator of capital expenditure, fell 0.1% month-on-month in December… Highlighting bigger concerns about the external environment, however, was a 21.9% month-on-month slump in orders from overseas, the biggest fall since November 2007.”