December 2012 Sea Container Counts Foretell Slow Growing Economy

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December 2012 Sea Container Counts Foretell Slow Growing Economy

This month’s container data is tainted as the busiest ports in the USA (Port of Long Beach and the Port of Los Angeles) were on strike between 27 November and 04 December. Although the ports were not completely closed down, they operated at 1/3 capacity. Ships either waited to unload, or moved to alternate ports.

How much of the improvement this month in imports was attributable to offloading November containers in December, and how much of the decline in exports was due to shippers using alternate ports?  However, if one combines November and December data, there is little question that imports were stronger in the last two months of 2012 versus 2011.

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