External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Global trade growth remarkably strong in first half of 2026… supported by the ongoing global AI boom/capex troika, resilient consumer spending, a fading tariff drag and trade rerouting, and stockpiling following the Iran conflict</li><li>Manufacturing PMIs also point to ongoing strength in global industry and trade</li><li>Our global supply bottlenecks index has risen to a post-pandemic high</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Global trade growth remarkably strong in first half of 2026… supported by the ongoing global AI boom/capex troika, resilient consumer spending, a fading tariff drag and trade rerouting, and stockpiling following the Iran conflictManufacturing PMIs also point to ongoing strength in global industry and tradeOur global supply bottlenecks index has risen to a post-pandemic highContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Global trade and industry - Ongoing strength despite bottlenecks