Latest World Trade Organization (WTO) Goods Trade Barometer hints toward slowing of trade growth in the rest of 2022 and into 2023. The current Goods Trade Barometer Index reading is 96.2.
About WTO’s Goods Trade Barometer index
- The WTO has developed a set of indicators to provide “real-time” information on trends in world trade.
- The Goods Trade Barometer, formerly the World Trade Outlook Indicator, is a leading indicator that signals changes in world trade growth two to three months ahead of merchandise trade volume statistics.
- The Services Trade Barometer is a coincident indicator that illustrates the current state of services trade slightly ahead of official statistics. Both barometers are intended to complement conventional trade statistics and forecasts.
- The barometer index shows how the latest data compare with short-run trends in goods trade.
- A reading of 100 indicates trade expansion in line with recent trends. Readings greater than 100 suggest above-trend growth while readings below 100 indicate below-trend growth.
- The Goods Trade Barometer is updated on a quarterly basis.
