During September 2016, the Container Throughput Index of the RWI – Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) slightly improved to 119.5 points. The revised estimate for August currently stands at 118.8 (revised up by 0.6 points). Despite this momentary upturn, the total RWI/ISL-Container Throughput index still indicates nothing more than a meagre expansion of world trade in 2016 and actually still falls short of levels achieved already in 2014.
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 September is based on data reported by 44 ports, accounting for ~ 75% of the total index volume.
The RWI/ISL-Container Throughput Index for October will be released on November 24th.
More detail on regional trends and data for single ports can be found in our "Monthly Container Port Monitor"