The Container Throughput Index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) has risen slightly to 139.5 in September according to the current flash estimate and thus reached a record high.
The most important results:
- The Container Throughput Index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) increased slightly in September by 0.7 points to 139.5.
- At the same time, the values for three previous months have been revised slightly downwards.
- The plus in September should not be overestimated, it lies in the blur area of the flash estimate. The basic tendency is probably rather sideways.
- Nevertheless, container traffic is still developing slightly better than global trade as a whole. One reason is that the foreign trade, which has recently been especially weakening, is underrepresented in the index within the EU.
- The flash estimate for September is based on data for 46 ports, which account for just under three-quarters of the transshipment volume shown in the index.
- The ISL's Monthly Container Port Monitor, published in parallel and based on the same data, also shows that the disparities in the foreign trade of the USA and China remain. Under the impression of the imposed tariff and trade restrictions, the data from the US western ports indicate that the measures taken by the US government appear to be ineffective or even counterproductive.
- The RWI / ISL Container Throughput Index for October 2019 will be published on November 21, 2019.
About the RWI/ISL container handling index:
The index includes the data on container transhipment in 83 international ports, which are continuously collected by the ISL as part of its market observation and account for around 60 percent of global container transhipment. Since international trade is mainly handled by sea, container transhipments allow reliable conclusions to be drawn about world trade. Because many ports already report on their activities two weeks after the end of a month, the RWI/ISL Container Handling Index is a reliable early indicator of the development of international trade in processed goods and thus also of global economic activity.