RWI/ISL Container Throughput Index
RWI (Leibniz Institute for Economic Research; formerly Rheinisch-Westfälisches Institut für Wirtschaftsforschung) reported higher container throughput a few days ago. The institute shared results of a quick estimate for the month of June.
Growth in all world regions
According to the report, the container throughput index of RWI and the Institute of Shipping Economics and Logistics (ISL) rose slightly in June compared to the previous month on a seasonally adjusted basis – from 125.3 points (revised value) to 126.4 points. According to RWI, the increase was distributed relatively evenly among the world regions. In addition, the institute writes that in view of the already high-capacity utilization, transshipment will only be expanded slightly.
North Range Index rises more strongly than the overall index
The North Range Index, which provides indications of economic developments in the northern euro area and Germany, has played a significant role in the increase in container throughput, RWI points out. In June, the value of the Nordrange index increased from 116.8 points (revised) to 118.4 points compared to the previous month. It thus rose slightly more than the overall index.
In Chinese ports, container throughput expanded again compared to the previous month after a temporary decline.
World trade still prone to disruption
Commenting on the development of the container throughput index, RWI’s head of economic research Torsten Schmidt says: “Container trade capacities are currently highly utilized. Accordingly, global trade is likely to remain susceptible to disruptions for some time.”