WTO outlook indicator shows global trade losing momentum in third quarter

[August 09, 2018]    GENEVA (Reuters) - Global trade in goods is likely to lose momentum in the third quarter, with growth just above trend, as trade tensions slow export orders and automobile production and sales, the World Trade Organization said on Thursday.

Cars to be exported are seen at a port in Lianyungang, Jiangsu province, China May 31, 2018. REUTERS/Stringer/File Photo

The WTO's quarterly outlook indicator, a composite of seven forward-looking components, showed a reading of 100.3, down from 101.8 in May and 102.3 in February, signaling "an easing of trade growth in the coming months in line with medium-term trends," the WTO said.

(Reporting by Tom Miles; editing by Stephanie Nebehay)

[© 2018 Thomson Reuters. All rights reserved.]

Copyright 2018 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.