The DHL Global Trade Barometer is a new and unique early indicator for the current state and future development of global trade. It is based on large amounts of logistics data that are evaluated with the help of artificial intelligence.Global Trade Barometer. Editor-December 18, 2019. 0. Global trade expected to moderately contract over next three months. Source DHL. Shipping Accidents Update.The DHL Global Trade Barometer is a new and unique early indicator for the current state and future development of global trade. It is based on large amounts of.A new and unique leading indicator for the world economy based on trade of intermediates and early-cycle goods. Trading forex and binary in east africa. The latest GTB points to a worsening global economic outlook, according to Eswar S. Prasad, professor of Trade Policy and Economics at.The DHL Global Trade Barometer is a unique early indicator of the current and future state of global trade, providing deep insights into the macroeconomic.Global air trade has been reduced by three points to a new index volume of 45, the DHL Global Trade Barometer GTB has reported. It also.
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DHL customers are thus able to optimize their logistics processes.For example, the index provides valuable information for decisions about investments or supply chains.Also DHL will use it to optimize their resource planning. The benefits of the DHL Global Trade Barometer go even further: Because world trade is an engine for macroeconomic development, the forecasts also provide valuable information on the trend of the global economy.Thanks to the high data quality, it is possible to integrate the index as an indicator into the existing forecasting tools of banks, associations, and economic research institutes.“As the world’s leading logistics provider, DHL has both a deep understanding of the driving forces behind global trade volumes and the industry expertise to analyze and interpret market data.
Commentary DHL Global Trade Barometer update Nov 2019.
DHL’s Global Trade Barometer that tracks three quarters of world air and shipping trade reported its China index has been cut in half since President Trump took office in 2017.Global air trade has been reduced by three points to a new index volume of 45, the DHL Global Trade Barometer GTB has reported. It also predicted a further contraction in overall global trade for the next three months. “Global trade continues to lose momentum, albeit mildly,” the report stated.Launched in January 2018, the DHL Global Trade Barometer is a new and unique early indicator for the current state and future development of global trade. It is based on large amounts of logistics data that are evaluated with the help of artificial intelligence. List of trading strategies. From 64 points from the first survey (January 2018), the index has risen to 66 points in March.This indicates that growth is once again gaining momentum.The Barometer predicts an increase in trading activity for each of the seven countries surveyed.
About the DHL Global Trade Barometer The DHL Global Trade Barometer an early indicator for the current state and future development of global trade. It is based on import and export data for a number of intermediates and early-cycle commodities that serve as the basis for further industrial production.The World Trade Organization’s WTO’s Goods Trade Barometer indicates that airfreight is down and below trend through to September 2019, which suggests air cargo will see continued overall weakness into fourth quarter of this year. Though some component indices have stabilized, others continue.Dive Brief DHL's Global Trade Barometer GTB for September 2019 shows a one point decline on the index and forecasts further loss in momentum for the next three months based on an analysis of ocean and air freight markets in China, Germany, Japan, India, South Korea and the United States. DHL forecasts global trade to continue to “mildly” lose momentum, as score for “air trade declined by -3 to 42 points, and containerized ocean trade by -2 to 46 index points.” The Global Trade Barometer for China peaked at a tremendous GTB growth momentum score of 80 in January 2017, just as Donald Trump was being sworn in as the 45 President of the United States.But China’s GTB outlook score has fallen in 30 of the last 34 months to hit a new trend low of 42 in November, led by a -2 point drop for air freight, and a -4 point plunge for China’s ocean shipping outlook.The value for Chinese imports and exports of goods has expanded since 1995 from $280.9 billion or 3 percent of world trade, to $4.1 trillion or 12.4 percent of world trade in 2017.
The Goods Trade Barometer provides “real time” information on the trajectory of world merchandise trade volumes relative to recent trends.Some components of the barometer have stabilized since the last reading in August, while others remain on a downward trajectory reflecting heightened trade tensions and rising tariffs in key sectors.Indices for export orders (97.5), automotive products (99.8), and container shipping (100.8) have firmed up into on-trend territory. However, the indices for international air freight (93.0), electronic components (88.2), and raw materials (91.4) have all deteriorated further below trend.Electronic components trade was weakest of all, possibly reflecting recent tariff hikes affecting the sector.Official data confirm the loss of momentum in goods trade foreseen by the Goods Trade Barometer earlier this year.
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According to the latest WTO quarterly trade volume statistics, merchandise trade rose by only 0.2% year-on-year in the second quarter of 2019, compared with 3.5% in the same quarter of last year.In September, WTO economists downgraded their trade growth expectations for 2019 to 1.2%, down from the 2.6% forecast in April.They attributed this substantial deceleration to slowing economic growth, increased tariffs, Brexit-related uncertainty, and the shifting monetary policy stance in developed economies. Cfd trading platform. Like its counterpart for services, the Goods Trade Barometer aims to gauge momentum and identify turning points in global trade growth.As such, it complements 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 below-trend growth. Further details on the methodology are contained in the technical note here.
DHL Global Trade Barometer depicts weak three-month outlook
DHL presents the recent findings from its Global Trade.
Tim Scharwath, CEO OF DHL Global Forwarding, Freight, explains more about DHL’s Global Trade Barometer and provides insight into what the next few months hold for freight volumes.To make the DHL Global Trade Barometer and its data more assessable a new digital platform has been created under logisticsofthings.dhl/gtb.“According to the DHL Global Trade Barometer the year will probably end with moderate world trade. Forex trading effective plan. However, we’ve to bear in mind where we come from: The rapid growth world trade has undergone in recent years was like climbing the Mount Everest.Now, we are on the descent, but we are still breathing altitude air,” Scharwath commented.Helen has worked for UKi Media & Events for nearly a decade.