Global container freight index kept climbing in February

The Container Throughput Index of the Rheinisch-Westfälische Institut für Wirtschaftsforschung (RWI) and the Institute of Shipping Economics and Logistics (ISL) increased by 0.5 points in February, reaching 124.5 points.

The Institute notes that world trade has gained a solid momentum. Compared to the same month a year ago, the index stood 6 points higher. A similarly strong increase was last observed in 2012.

A new seasonal adjustment procedure has been implemented to take into account the impact of the Chinese New Year holidays more precisely. This should improve the quality of the RWI/ISL index during the months January and February. Whilst the change of the methodology slightly hampers comparisons with previous issues of the index, it does not affect the overall assessment of the health of the global economy in a negative way.

The flash-estimate for February is based on data reported by 33 ports, accounting for close to ~ 64% of the total index volume.

Source: ISL

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