During December 2016, The Container Throughput Index of the RWI – Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) reached a new all-time-high of 124.3 points. The previous record was observed in Feb. 2015 (122.8 points). The fourth consecutive increase of the index indicates that the world trade has gained momentum noticeably at the end of 2016.
The index is based on data of 81 world container ports covering approximately 60% of worldwide container handling. The ports are continuously monitored by the ISL as part of their market analysis. Because large parts of international merchandise trade are transported by ship, the development of port handling is a good indicator for world trade. As many ports release information about their activities only two weeks after the end of the respective month, the RWI/ISL Container Throughput Index is a reliable early indicator for the development of international merchandise trade and hence for the activity of the global economy.
The flash-estimate for December is based on data reported by 38 ports, accounting for close to ~ 75% of the total index volume. The estimate for November 2016 has been revised upwards slightly.
The RWI/ISL-Container Throughput Index for January 2017 will be released on February 21st.