The Caixin Manufacturing Purchasing Managers’ Index (PMI) in China stood at 50.1 in September of 2016 up only fractionally from the 50.0 it registered in August and in line with market consensus. It was the third straight month of expansion as output and new orders went up marginally while new export orders stabilised. At the same time, job shedding eased and firms raised their purchasing activity for the third month in a row. The amount of outstanding business increased further and … [Read more...] about China PMI shows stabilising economy, but risk of decline
ANALYSIS
Payload conference shaping up to be best yet
This year’s highly anticipated Payload Asia Conference and Awards in Hong Kong on 28-29 September – now in its fifth year – is shaping up to the best event to date. Two days of hot topics in the air cargo supply chain will be discussed in six roundtables – Hub or Hubris, Disruption, E-commerce, Dangerous Goods, One Belt – One Road and Maindeck. A facility tour hosted by Hong Kong Air Cargo Terminal Ltd (HACTL) will also be a key event on the first afternoon. Networking will also be a key … [Read more...] about Payload conference shaping up to be best yet
IATA pessimistic on cargo growth this year
The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago. The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight … [Read more...] about IATA pessimistic on cargo growth this year
Chinese New Year confirms air cargo slide in Asia Pacific: WorldACD
Air cargo’s difficult start to 2016 was extended into February with worldwide volumes declining by 3.8 per cent year-on-year (YoY), the largest YoY volume drop in three years, according to the latest analysis by WorldACD Market Data. The origins Asia Pacific and North America were the main culprits with January/February together seeing these destinations posting YoY volume decreases of more than 7.0 per cent. Africa, Europe and Middle East & South Asia each posted around 5.0 per cent … [Read more...] about Chinese New Year confirms air cargo slide in Asia Pacific: WorldACD
Air cargo in the ‘new mediocre’ of global economic growth
The global economy is growing, but growing at a lower rate than anticipated, said George Anjaparidze, senior economist, IATA who went on to cite International Monetary Fund (IMF) CEO Christine Lagarde who recently warned that the world was on the threat of entering a new phase of mediocre growth becoming the new reality. “And that’s exactly what we’re seeing,” added Anjaparidze. The advanced economies are still growing, but very slowly he noted with emerging economies growing far below their … [Read more...] about Air cargo in the ‘new mediocre’ of global economic growth
Stifle Logistics Confidence Index sinks to new low
With a score of 45.4, the December edition of the Stifle Logistics Confidence Index has recorded its lowest ever total, amidst a continued pattern of decline. Of the four trade lanes covered by the Index, Europe to US continues to be the most positive, representing the highest-scoring route across both air and sea as well as current and expected situation, with continued strength of the US dollar against the Euro helping to boost performance. By contrast, the performance of trade lanes … [Read more...] about Stifle Logistics Confidence Index sinks to new low
