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Seasonally-adjusted world merchandise trade volume rose by 1.1 per cent quarter on quarter and by 3.3 per cent YoY in Q3 2024, marking the fourth consecutive quarter of moderate trade expansion, WTO said.
For the year to September, this was up by 2.4 per cent YoY.
Slower trade growth in value terms than in volume terms shows a slight drop in prices of traded goods during the first three quarters.Read More

Estimates for payrolled employees in the UK rose by 0.1 per cent month on month and 0.5 per cent YoY in October.
The number of payrolled employees fell by 0.1 per cent quarter on quarter, but rose by 0.5 per cent YoY in the August-October quarter.
The employment rate for people aged 16 to 64 was estimated at 74.9 per cent in the quarter, while the unemployment rate was estimated at 4.3 per cent.Read More

IFC has announced a $50 million investment in a home textiles manufacturer to enhance sustainable production in Turkiye, including new polyester chip and textile recycling facilities, and solar energy systems.
The project aims to create 700 jobs, boost exports, and advance gender inclusion policies.
Turkiye, IFC’s third-largest exposure, has seen over $20 billion in IFC investments in the past decade.Read More

The December 2024 ISM supply chain planning forecast expects US manufacturing growth to continue in 2025, with revenue projected to rise by 4.2 per cent and capital expenditures to rise by 5.2 per cent.
The sector’s employment is likely to grow by 0.8 per cent.
Raw material prices are projected to rise by 3 per cent during the first five months next year, with an overall 3-per cent rise for 2025.Read More

Gevo and LG Chem have extended their joint development agreement to advance Gevo’s Ethanol-to-Olefins (ETO) technology.
The partnership focuses on producing renewable chemicals and accelerating commercialisation.
Carbon-neutral bio-propylene, a key product, offers a sustainable alternative to fossil-based materials, supporting bioplastics and low-carbon markets.Read More