Further strong impetus for international container trade from China
by David Fleschen
According to the latest flash estimate, the container handling index of RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) rose by 1.4 points to 125.3 in November after seasonal adjustment. The increase in the index was again due to a strong expansion in Chinese ports.
Key points in brief:
- The container throughput index of RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) rose seasonally adjusted in November from 123.9 (revised) to 125.3 points.
- Container throughput in Chinese ports again increased strongly. The index increased from 130.3 to 134.9 (see "Data for special analysis excluding Chinese ports" under "Downloads" below).
- The North Range Index, which provides indications of economic developments in the northern euro zone and Germany, rose slightly in November from 112.1 (revised) to 113.9 compared with the previous month.
- The RWI/ISL container throughput index for December 2021 will be published on January 31, 2022.
Commenting on the development of the container throughput index, RWI's Head of Business Cycle Torsten Schmidt says: "Container throughput has increased significantly since October. This is helping to gradually overcome the global supply bottlenecks. However, the rapid spread of the Omikron variant of the Corona virus is expected to put renewed pressure on container throughput."
Source: RWI, Photo: Fotolia