The latest trade data from the Panjiva research team shows that global trade is continuing on a slow recovery path. In April, there was a 3 percent increase in the number of global manufacturers shipping to the U.S. market, as well as a 2-percent increase in the number of U.S. companies receiving waterborne shipments from global manufacturers.
This confirms that global trade activity is heading in the right direction, but at a deliberate pace. Other positive indicators:
Panjiva cautions that year-over-year comparisons are a bit misleading, since global trade was a mess this time last year. Also, it says that recent turmoil in global financial markets could jeopardize global trade's nascent recovery.
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