- OECD CLI fell below 100 after staying above the mark for 14 months, showing the economy is shrinking.
- Sea Freight
- Container rates recorded minor decreases for 3 consecutive weeks to the end of Jun., and inventory is rising as American retail sales slows.
- Air Freight
- Air freight rates are expected to rise for the remainder of the year as Chinese factories resume production and traditional peak season is approaching.
- OCED CLI
- 99.8down(0.1) May
- Manufacturing PMI
- 53.0down(3.1) June
- Oil Prices-WTI
- 106.2down(7.4%) June
The OECD leading index fell below the benchmark 100 for the first time in 14 months since February 21. It is on the decline below the benchmark 100, so it is evaluated as an economic contraction phase.
- 4,203.27down(12.86) July Week 1
- TAC-HKG to EUR, US
6.30up(0.13)7.96down(0.12)July Week 1
- Jet Fuel
- 4.155up(0.253) June
SCFI fell slightly for 3 weeks and has remained at the 4,200-point level recently. Air freight rates (Hong Kong & Shanghai departures, Americas & Europe arrivals) are all fluctuating without trend.
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