Infographic: World Trade Data Reflects Sinking Activity in Q3
World trade activity suffered its third consecutive loss of quarterly momentum, with transaction volume growth tracking at 5 points below the expected range. Take a look at our world trade data infographic analyzing the biggest and most notable trends in global trade this past quarter from our Q3 Index.
Key world trade statistics at a glance
Orders are drying up at an accelerating rate. Order volume growth was 9 points below the expected range in Q3.
Manufacturing activity dropped to 11 points below the expected range. Retail supply chain activity dropped 9 points below the baseline in Q3, the slowest growth in 18 months.
Europe’s energy crisis is hammering regional supply chains. Activity across the Eurozone slowed by a further 6 points in Q3. Momentum across UK supply chains fell by a further 5 points quarter-on-quarter.
US trade activity has continued to buck the wider global trend. Total transaction volumes tracked at just 2 points below the expected level in Q3. Momentum is slowing but at a much gentler rate than elsewhere in the world.
Trade across Chinese supply chains appeared to stabilize. Transaction volume growth was only 1 point below the baseline in Q3. But the overall picture in 2022 remains volatile.
Spending on technology remained relatively robust. With activity trending within the expected range in Q3, Gartner sees IT spending holding steady at 3 percent growth for 2022.
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