RWI/ISL Container Throughput Input Index: Container throughput increases on a broad basis
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 from 132.2 (revised) to 134.4 points in August.
• The North Range Index, which provides an indication of economic development in the northern eurozone and Germany, rose from 111.7 (revised) to 114.1 points in August compared to the previous month. Container throughput thus continued its sideways movement, albeit with significant fluctuations.
• In the Chinese ports, container throughput rose slightly from 146.5 points in the previous month to 149.7 points.
• The RWI/ISL Container Throughput Index for September 2024 will be published on 25 October 2024.
RWI head of economic research Torsten Schmidt comments on the development of the Container Throughput Index: „The broad-based increase in container throughput gives hope that the disruptions to global trade in recent months are now being overcome. The renewed strong increase in container throughput in Europe also indicates that the weakness is gradually being overcome. However, the gap to global container throughput is still large.“
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 78 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
