Economy Watch

warehouse
U.S. inventory and sales data released by the Commerce Department this week point to increased need to restock already lean inventories heading into the fourth quarter.

Trucking’s hiring plans stalled in August, as for-hire motor carriers with payroll numbers tracked by the U.S. Bureau of Labor Statistics lost approximately 800 employees.

European economic growth might be flatlining, but you wouldn’t know it by the strong container import growth in the first half, according to Drewry Maritime Research.

Chinese factories are still expanding production even though most orders for the holiday season in the U.S., Europe and elsewhere have already been shipped, suggesting global demand is building.

Made in Canada
Canadian export growth is slated to rise to 4.7 percent this year and 7.7 percent in 2015, as global and particularly U.S. demand builds, non-energy shipments rise, and the Canadian dollar weakens, according to the Royal Bank of Canada.

Nine straight weeks of steady declines in pricing of low-sulfur bunker fuel have brought the price per metric ton down to the lowest levels in more than three years.

Worker assembling electronics component in China
China’s factory output and total new orders in July rose to their highest levels since March last year, improving the operating conditions of mainland manufacturers and supporting carrier predictions of third quarter container volume increases in the seasonal build up to Christmas.

Myanmar pharmaceuticals, shutterstock photo
Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers.

The price of low-sulfur fuel per metric ton in Rotterdam, the Netherlands, a global indicator of bunker prices, has dropped $46.21 in six weeks.
Spot prices for low-sulfur bunker fuel sank for the sixth straight week last week, a total drop of just over 7 percent.

India’s merchandise exports rose for the third straight month in June on a year-over-year basis, expanding 10.22 percent to $26.48 billion...