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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GLOBAL
CPB data showed global export volume growth remained weak in June in both developed and emerging nations, especially in Asia. Advanced economies’ export growth rose 0.2% m/m to be down 0.6% y/y an improvement from -1.6% and outpacing EM which fell 1% m/m to be down 2.6% y/y after -0.5% y/y. Annual export growth contracted across Asia, except Japan which returned to positive territory, but generally saw some improvement.
- Export volumes from Japan grew 1.1% y/y in June after falling 3.5%, whereas advanced Asia ex Japan fell 3.8% y/y but improved from May’s -6.4%.
- China’s exports fell 1.3% y/y after falling 5.1%, while emerging Asia ex China saw shipments worsen to -8.4% y/y from +0.2% in May.
- The euro area was another weak spot in June with volumes falling 1.7% y/y after -1.8%. The UK on the other hand saw growth of 4.9% y/y. The US continued its run of positive outcomes since April 2022 with exports growing 2.9% y/y in June.
Global export growth y/y%
Source: MNI - Market News/Refinitiv/CPB
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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