World trade data from Tradeshift’s Q4 Index of Global Trade Health shows improving activity levels across global supply chains. Transaction volume growth on Tradeshift’s global business commerce platform finished the year three points below the baseline, a modest upward trend compared to the previous quarter.
Tradeshift’s analysis of purchase order and invoice patterns across its digital network shows that both the Eurozone and the UK followed the worldwide pattern in transaction activity. In the U.S., however, total transaction volumes dropped to six points below the expected range in Q4, the steepest drop in quarterly activity in more than a year.
Additional key findings from the Q4 Index include: