🌐World trade volume decreased 0.95% in July 2021, June revised higher

CPB:

• World trade volume decreased 0.9% month-on-month (growth was 0.7% in June, initial estimate 0.5%).

• World trade momentum was -0.4% (non-annualised; 0.9% in June, initial estimate 1.3%).

• World industrial production increased 0.0% month-on-month (having increased 1.2% in June, initial estimate 1.0%).

• World industrial production momentum was -0.3% (non-annualised; -0.2% in June, unchanged from initial estimate).