Thursday, Aug 12, 2010
In the second half of the year cargo volume growth is slowing
Guardian: Rotterdam sees cargo volume growth slowing in H2
"Total cargo volumes are now just about at the level of 2008," said Hans Smits, the port authority's chief executive.
"In the second half of the year cargo volume growth is slowing," he said, adding volumes would rise by about 10 percent in the full year.
The outlook for the global economy has turned gloomier following recent slowing economic data from the United States, the world's biggest economy, and China.
Posted by mark @ 10:59 AM (406 views) Add Comment
2 Comments
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1. sureseam said...
The shipping indices [BDI, BCI, etc] have turned up a little in the last month from a deep low (see http://navigatemag.ru/indices/ ).
These things are usually considered leading indicators for equities, which themselves are considered lead indicators for housing.
Just now though economic normality seems a dubious memory.
2. Eternal Sceptic said...
Probably the best indicator of the lot to show which way the tide is turning. Straight into extremely stormy waters by the look of it. I wonder what the sales of lifjackets are like at the moment?