At Topdown Charts we're constantly searching for new indicators and new ways of seeing how key global economic trends are evolving. Â Today we look at a couple of charts on global trade. Â One of our calls last year was that we would see a recovery in global trade growth after a very slow patch which saw global trade volume growth contract on an annual basis. Â There are already signs of this happening and it is this sort of trend that will reinforce the global economic rebound that we looked at yesterday. Â The charts below offer a high frequency (December data for container volume, latest weekly data for shipping cost indexes) view and show a notable acceleration - similar to that seen in China's rail freight recovery.
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The RWI/ISL Global Container Throughput Index has undergone a clear acceleration through December.

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The weekly chart of global freight cost indexes confirm the turnaround.

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