Based on preliminary data, world trade volume expanded by 5.3% in September 2009, from the previous month, following a revised decline of 1.5% in August (revised up from a decline of 2.0%), according to data published today by the CPB Netherlands Bureau for Economic Policy Analysis. The September figure is the largest increase recorded so far in the series, which started in 1991. Export and import volumes in all major regions have contributed to the September increase, the Eurozone’s contribution being relatively modest. In September, world trade was still 14% below the peak level reached in April 2008, a result of the unprecedented drops in November 2008 up to January 2009. On the other hand, world trade was 8% above the trough reached in May 2009. World industrial production rose by 0.8% in September.
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