A significant slump in order volumes across U.S. supply chains took the shine off a slight improvement in global trade activity in Q4 2022, according to the latest data from Tradeshift.<\/p>\n
Tradeshift\u2019s Index of Global Trade Health shows the total volume of trade transactions across global supply chains at 3 points below the baseline in Q4, a modest improvement on the 5-point deficit recorded in Q3 of 2022. Both the Eurozone and the UK followed the global trend, with activity 3 points below the baseline in Q4.<\/p>\n
The slightly brighter picture worldwide contrasted with a significant drop in activity across supply chains in the U.S. Trade transactions in the U.S. fell to 6 points below the expected range in Q4, the steepest quarterly loss of momentum in over a year. Order volumes, in particular, fell sharply, finishing the quarter 9 points below the baseline, the most significant reversal in buying activity since the world locked down in Q1 2020.<\/p>\n
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