Global container freight index dropped slightly in October

The Container Throughput Index of the RWI – Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) experienced a fall in October 2017 when it dropped from 129,7 to 128,3 index points.

The decline in value might be interpreted as a counter-reaction to the extraordinary gain of the index in the previous month. According to the Institutes, any conclusion of a trend reversal in world trade would be too early at this point.

The index is based on data continuously collected from world container ports by ISL as part of its market monitoring. Because large parts of international merchandise trade are transported by ship, the development of port handling is a good indicator for world trade.

The flash estimate for October is based on data reported by 45 ports, accounting for close to 80% of the total index volume.

Source: ISL

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