During October 2016, the Container Throughput Index of the RWI – Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) remained unchanged at a level of 119.5 points. There was no need to revise the figure for the previous month (September: 119.5 points). All in all, the index indicates – at best – a modest development of world trade.
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 October is based on data reported by 39 ports, accounting for close to ~ 75% of the total index volume.
The RWI/ISL-Container Throughput Index for November 2016 will be released on December 20th.
More detail on regional trends and data for single ports can be found in our "Monthly Container Port Monitor"