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Global Trade Momentum Rises for First Time in Four Months

A decline from a year earlier eased slightly in September, though the monthly figures, which can be volatile, showed a 1.3% drop.

Global Trade Momentum Rises for First Time in Four Months
Container ships sit moored next to shipping containers and gantry canes at a port in Hong Kong. (Photographer: Anthony Kwan/Bloomberg)

(Bloomberg) --

Global Trade Momentum Rises for First Time in Four Months

Trade momentum rose in September for the first time in four months, according to the CPB’s World Trade Monitor. The latest three-month figures offer a little upbeat news about global commerce at a time when the end-game for a “phase one” U.S.-China deal remains murky. A decline from a year earlier eased slightly in September, though the monthly figures, which can be volatile, showed a 1.3% drop.

To contact the reporter on this story: Fergal O'Brien in Zurich at fobrien@bloomberg.net

To contact the editors responsible for this story: Sheldon Reback at sreback@bloomberg.net, Zoe Schneeweiss

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