Based on preliminary data the world trade volume expanded by 1.1% in November from the previous month, following an increase of 1.4% in October (revised upward from 0,8%), according to the CPB Netherlands Bureau for Economic Policy Analysis. World import volumes increased by 2.6% in November whereas world export volumes declined by 0.3%. The CPB says this discrepancy is fully reflected in (partly estimated) diverging price trends. In November, trade was still 12% below the peak level reached in April 2008.
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