Business, Freight News

Ti trims back its forecast

[ June 26, 2015   //   ]

After a promising six month outlook last month, the outlook in the Stifel Logistics Confidence Index has since tempered, says consultant Transport Intelligence. Combined with only a 0.1 point increase in the overall present situation for air freight and an almost 1.0 point decline in sea freight’s overall present situation, the Stifel Logistics Confidence Index slipped 0.5 points to 56.8.
But it is still 1.6 points higher than the same period last year and 5.5 points higher than June 2013. Ti said: “While conditions have certainly improved, improvements have hit bumps throughout this prolonged economic recovery period and it appears we are undergoing through another one. Indeed, according to IATA, “world trade is no longer expanding at a faster rate than domestic production.” 
The mediocre performance of global trade will only improve only be resolved if there is more trade liberalisation and for advanced economies, more investment, services and coherent regulations.