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Stifel slips again

[ July 24, 2015   //   ]

July’s Stifel Logistics Confidence Index slipped for a second consecutive month to 56.4, reports consultants Transport Intelligence (Ti) While it still remains higher than the same periods for 2013 and 2014, concerns over what the six month outlook may bring appears to be weighing on the market.

Indeed, demand appears to be easing off, says Ti. IATA noted in a recent press release that business confidence is flat and export orders in decline, and there is uncertainty surrounding Greece’s relationship with the Eurozone.

But while the six month outlook may have had a negative effect on the Index, the overall present situation was positive, gaining 1.8 points from June to 53.7. The gain was led by sea freight, up 3.9 points to 50.7, the first time it is above the neutral 50 since April.

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