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Kuehne + Nagel: World Trade Booming
Global News

Kuehne + Nagel: World Trade Booming

Latest gkni data shows global gains

TLME News Service

Kuehne + Nagel’s gKNi World Trade Indicator has registered 140.7 points at the end of July, 0.6% higher compared to the previous month and 10.2% higher than in July 2017, signalling global economic growth on the back of the strengthening US dollar.

Kuehne + Nagel: World Trade Booming

Despite worldwide gains, Asia is losing momentum in August.

The gKNi World Trade Indicator powered by LogIndex — the data company of Kuehne + Nagel Group — is close to the record high achieved in February, 2018.

The annualized growth rate slowed only marginally to 12.2% in July from 12.5% in June (on year-to-date basis).

Further, the latest World Trade Organization (WTO) data available for April showed a change of 10.6% compared to the previous year.

The gKNi indicator for sea freight is up 2.6% since the beginning of 2018, while capacity has increased by 4.1% (TEU).

With trade levels up, liners will receive a much needed boost as markets calm and demand is secure.

Read more: Global Trade Looking Buoyant