International merchandise trade continued to be relatively stable in August, deteriorating “slightly” from a reading of 116.1 in July to 116.0 after seasonal adjustment, according to the monthly Container Throughput Index by Rheinisch-Westfälisches Institut für Wirtschaftsforschung and the Institute of Shipping Economics and Logistics.
ISL reported that the flat reading in August furthers a trend that started at the beginning of 2013, as the previous seven months have remained at a more or less unchanged level. The index for July was curbed by “only” 0.2 points, the report said.
The August estimate was based on a sample of 49 ports covering more than 82 percent of the container throughput covered by the index. The index is based on data from 73 world container ports covering about 60 percent of worldwide container handling.