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Global trade on the mend as export decline slows to 10% in June

Brexit 145 Cons. Discr. - Autos 957 Consumer Staples 628 Energy - Conventional 385 European Union 661 Global 1176 Industrials - Capital Goods 475 Trade Balance 868 U.S. 4645 United Kingdom 285

Trade activity in the European Union has continued to decline in June with exports down by 6.4% year over year. That was a lower rate than in prior two months and was helped by a recovery in exports of food and chemicals to outside the EU while fuel, capital goods and transportation lagged. Exports to the U.K. fell by 15.0%, marking one of the worst performances among the EU’s major trade partners, with the potential for stockpiling ahead of the end of current trading relations lying at the end of the year. In dollar terms EU exports fell by 9.9% in June compared to 31.6% in May. When ad...

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