New data from Tradeshift suggests a modest uptick in global trade activity during Q4 following an acceleration in new orders during the quarter.
According to Tradeshift’s latest Index of Global Trade Health, global trade transaction volumes improved to 4 points below the baseline in Q4, having sunk to 6 points below anticipated levels in the previous quarter.
Tradeshift’s analysis of purchase orders and invoice traffic on its global platform reveals a remarkable increase in ordering activity during Q4. Order volumes grew 5 points above the expected range in the final quarter of 2023, recapturing some momentum following a protracted slump.
