The most recent WTOI reading of 98.6 is the lowest since October 2016 and reflects declines in all component indices, Xinhua news agency reported.
"The continued moderation in the overall WTOI index was driven by the steady decline in the export orders index (96.6), which remains below trend and is approaching the weakest point recorded in 2012 during the eurozone crisis," the WTO said.
Indices for automobile production and sales (96.9), electronic components (93.9), and agricultural raw materials (97.2) have meanwhile moved from on-trend to below trend.
International air freight (100.0) and container port throughput (101.2) have dipped but remain on trend.
The WTOI is designed to provide "real time" information on the trajectory of world trade relative to recent trends.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)