Global trade indicators [CHARTS]

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Global trade indicators [CHARTS]

At Topdown Charts we’re constantly searching for new indicators and new ways of seeing how key global economic trends are evolving.  Today we look at a couple of charts on global trade.  One of our calls last year was that we would see a recovery in global trade growth after a very slow patch which saw global trade volume growth contract on an annual basis.  There are already signs of this happening and it is this sort of trend that will reinforce the global economic rebound that we looked at yesterday.  The charts below offer a high frequency (December data for container volume, latest weekly data for shipping cost indexes) view and show a notable acceleration – similar to that seen in China’s rail freight recovery.

The RWI/ISL Global Container Throughput Index has undergone a clear acceleration through December.

The weekly chart of global freight cost indexes confirm the turnaround.

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Topdown Charts: "chart driven macro insights" Based in Queenstown, New Zealand, Topdown Charts brings you independent research and analysis on global macro themes and trends. Topdown Charts covers multiple economies, markets, and asset classes with a distinct chart-driven focus. We are not bound by technical or fundamental dogma, and instead look to leverage any relevant factor to capture the theme. As such, here you will find some posts that are purely technical strategy, some that just cover economics and data, and some posts that use multiple inputs to tell the story and identify the opportunities. Callum Thomas Head of Research Callum is the founder of Topdown Charts. He previously worked in investment strategy and asset allocation at AMP Capital in the Multi-Asset division. Callum has a passion for global macro investing and has developed strong research and analytical expertise across economies and asset classes. Callum's approach is to utilise a blend of factors to inform the macro view.

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