RWI/ISL Container Throughput Input Index: Container throughput in Europe continues to recover
The essence in a nutshell:
• The seasonally adjusted Container Throughput Index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) rose to a seasonally adjusted 129.9 points in May compared to 129.1 points (revised) in the previous month.
• The North Range Index, which provides an indication of economic development in the northern eurozone and Germany, rose significantly in May compared to the previous month from 110.4 (revised) to 111.9 points. The recovery in container throughput is thus continuing after a decline in the previous month.
• In contrast, container throughput in Chinese ports fell slightly from 143.2 points in the previous month to 142.9 points.
• The RWI/ISL Container Throughput Index for June 2024 will be published on July 26, 2024.
RWI head of economic research Torsten Schmidt comments on the development of the Container Throughput Index: „ Global container throughput increased quite significantly in April and May. This indicates a further upturn in global trade in the second quarter. This should support the economic recovery in Europe in particular.“
About the RWI/ISL- Container Throughput Index:
The index is based on data on container throughput in 92 international ports, which account for around 64 percent of global container throughput, collected on an ongoing basis as part of the ISL Monthly Container Port Monitor. The current flash estimate for the Container Throughput Index is based on data from around 47 percent of the throughput shown in the index. As most international trade is handled by sea, container throughput allows reliable conclusions to be drawn about global trade. As many ports report on their activities just two weeks after the end of the month, the RWI/ISL Container Throughput Index is a reliable early indicator of the development of international trade in processed goods and therefore also of global economic activity.
The Container Throughput Index is part of the foreign trade statistics in the "Dashboard Detschland" of the Federal Statistical Office. It is also used by many international bodies such as UNCTAD and is included in the "Shipping/Port Data" section of the WTO's Global Trade Data Portal.
Data series for individual ports are available in the ISL Monthly Container Port Monitor.
Further background information on the RWI/ISL Container Throughput Index can be found at www.rwi-essen.de/containerindex.
Your contacts:
Prof. Dr. Torsten Schmidt, Phone: +49 201 8149-287, torsten.schmidt@rwi-essen.de
Sabine Weiler (Communications), Phone: +49 201 8149-213, sabine.weiler@rwi-essen.de
Data RWI/ISL Container Throughput Index
Graphic in printable resolution
RWI/ISL Container Throughput Index: North Range
