World trade picking up says Dutch CPB


According to the latest monthly figures released by the Netherlands Bureau for Economic Policy Analysis (CPB), world trade increased by 0.1% MoM in June and by 1% compared to 2014Q2.

According to the CPB, imports and exports slowed down in advanced economies by -0.9%, whilst a recent upswing in emerging Asia, where exports grew by 7% and imports by 1.3% for 2014Q2, had an overall positive impact on emerging economies.

The CPB also highlighted that the level of world industrial production was stagnant in June, with declines being particularly severe in Japan and a smaller declines in the Euro area.