By John Kemp LONDON (Reuters) - Global industrial production and containerised freight flows remained in the doldrums at the start of the third ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy John Kemp
Global industrial output was up by less than 1% in the second quarter of 2023 from the same period in 2022, according to the Netherlands Bureau for Economic Policy Analysis . The commodities side of the economy is stuck in the doldrums as households pare back pandemic-era spending on products and businesses try to clear excess stocks.In the United States, the volume of container trade handled through the nine largest ports in July was the lowest for the time of year since 2017.
In the United Kingdom, freight through Heathrow airport had fallen in the first seven months to the lowest since 2007 with the exception of the pandemic in 2020 and the recession in 2009. Container trade through the port of Singapore, a major transshipment point for the region, has climbed to record levels.
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