Worldwide trade of some of the world's most valuable goods, which are typically moved by plane, sank in Feb.
The measure of freight ton-kilometers sank by 1.8% globally. It dipped the most in the Middle East , Asia Pacific , and Europe . North America saw a boost of 3.3%.
But analysts aren't sounding the alarm bell quite yet. Kevin Sterling, managing director of Seaport Global Securities, said an early Lunar New Year, which usually shuts down manufacturing in China for two weeks and slows down commerce around Asia Pacific, is part of the reason trade numbers sank so much in Feb.
There was also quite a bit of freight activity in Dec. and Jan. as retailers and manufacturers tried to move goods in from China to the USChristopher N. Stathoulopoulos, senior equity research analyst at Susquehanna International Group, expressed a similar sentiment in a research note following the IATA numbers.
"With the first few months of the year a tough read for underlying demand , we continue to look at seasonality for signs of a 'meaningful' negative inflection," he wrote."If March is down — oh my, we're in trouble," Sterling told Business Insider."That's a signal that the rest of the year is probably going to be bad."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Schock strikes deal to have corruption case droppedBreaking: Former Rep. Aaron Schock receives deferred prosecution in deal over corruption case
Weiterlesen »
Fired officer who killed stranded black motorist is found guilty of attempted murder and manslaughterA fired police officer who killed a stranded black motorist was found guilty of attempted murder and manslaughter. It’s the first time in 30 years that an officer in Florida has been convicted of an on-duty shooting.
Weiterlesen »
Aaron Schock strikes deal to have corruption case droppedThe Justice Department dropped its corruption case against former Rep. Aaron Schock, agreeing to a settlement that would leave him with no criminal conviction if he pays $110,000 in restitution and taxes and stays out of legal trouble for six months
Weiterlesen »
Real Madrid eliminated from Champions League after humiliating defeat by AjaxFor the first time since May 2015 -- a run stretching 46 months -- Real Madrid is out of the Champions League, following a humiliating defeat to Ajax
Weiterlesen »
Real Madrid eliminated from Champions League after humiliating defeat to AjaxFor the first time since May 2015 -- a run stretching 46 months -- Real Madrid is out of the Champions League, following a humiliating defeat to Ajax
Weiterlesen »
Florida police officer who fatally shot black motorist found guiltyJury: Fired Florida police officer Nouman Raja is guilty of manslaughter while armed and attempted 1st-degree murder in the deadly shooting of motorist Corey Jones in 2015.
Weiterlesen »
Aaron Barrett’s comeback is full of miracles. But he wants one more.He’s not supposed to be here. He’s not supposed to have a chance. Aaron Barrett’s comeback is full of miracles. But he wants one more.
Weiterlesen »