The RWI/ISL Container Throughput Index has marked an all-time high
Essen and Bremen: The Container Throughput Index of the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) has increased again from a revised 129.3 points to 131.0 points. This marks a new all-time high.
This indicates that world trade continues to expand. In addition, the October dip turned out to be significantly weaker than indicated by last month’s flash forecast. The rather strong upward revision was mostly due to a revised October value of one Chinese port.
The index is based on data continuously collected from world container ports by ISL as part of its market monitoring. Because large parts of international merchandise trade are transported by ship, the development of port handling is a good indicator for world trade.
As many ports release information about their activities only two weeks after the end of the respective month, the RWI/ISL Container Throughput Index is an early indicator for the development of international merchandise trade and hence for the activity of the global economy.
Together, the 82 ports covered in the index account for about six out of ten containers handled worldwide. The fash estimate for November is based on data reported by 4444 ports, accounting for close to 77% of the total index volume.
The RWI/ISL Container Throughput Index for December 2017 will be released on 23 January, 2018.
Diagram: RWI/ISL computations based on data provided by 82 ports. November 2017 flash estimate