Global Export Growth Slows In October As Shipping Costs Rise; India Records Six-Month High: S&P Global
New Delhi, Nov. 9 -- Global goods export growth moderated in October as rising energy, fuel and transportation costs put pressure on export demand, although India recorded a six-month high in manufacturing export orders, according to a report by S&P Global.
The seasonally adjusted Global Manufacturing PMI New Export Orders Index declined to 50.9 in October from 51.6 in September. The index remained above the 50-point threshold, indicating expansion, but recorded its lowest reading in the current growth phase, ANI reported.
The report estimated that global merchandise trade was growing at an annual rate of around 6 per cent at the beginning of the fourth quarter of 2026. It said export growth continued across manufacturing and services, ...
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