Companies in the U.S. and overseas are expecting some improvement in global trade. Fifty-eight percent of U.S. businesses believe trade volumes will increase in the next six months, according to the latest HSBC global trade survey, up from the 41% who predicted an increase in trade six months earlier.
The optimism isn't limited to the United States; 64% of Latin American businesses expect a pick-up in trade, as do 63% in both the Middle East and Greater China, and 61% in India.
U.S. businesses were nervous about foreign exchange volatility, though, with 40% citing fluctuating exchange rates as the biggest barrier to growth in the coming six months, up from the 29% who cited it as a problem six months earlier.
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