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News / Economic News

RETAIL IMPORTS EXPECTED TO HIT REPEATED MONTHLY RECORDS AFTER RECORD YEAR IN 2020

Source:  National Retail Federation Press Release – February 8, 2021

Following a record year during 2020, imports at the nation’s largest retail container ports are expected to set new monthly records from now into the summer as the nation’s economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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2020 RETAIL IMPORTS MAY BREAK RECORD DESPITE PANDEMIC

Source:  National Retail Federation Press Release – January 8, 2021

Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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DECEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – January 4, 2021

Economic activity in the manufacturing sector grew in December, with the overall economy notching an eighth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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RETAIL IMPORTS STILL STRONG AFTER SETTING NEW RECORDS FOR THE HOLIDAY SEASON

Source:  National Retail Federation Press Release – December 9, 2020

Imports remain strong after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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NOVEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – December 2, 2020

Economic activity in the manufacturing sector grew in November, with the overall economy notching a seventh consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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IMPORTS SET NEW ‘PEAK SEASON’ RECORD AS RETAILERS PREPARE FOR HOLIDAYS

Source:  National Retail Federation Press Release – November 9, 2020

Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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OCTOBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – November 2, 2020

Economic activity in the manufacturing sector grew in October, with the overall economy notching a sixth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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IMPORTS SET NEW RECORD AS RETAILERS REPLENISH INVENTORIES AND STOCK UP FOR THE HOLIDAYS

Source:  National Retail Federation Press Release – October 8, 2020

Imports reached an all-time high this summer as retail sales bounced back from the pandemic and merchants replenished inventories and stocked up early for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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SEPTEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – October 1, 2020

Economic activity in the manufacturing sector grew in September, with the overall economy notching a fifth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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OCEAN FREIGHT RATES REACH RECORD HIGHS

Ocean Freight rates on the Asia to US trade lane and specifically to the US West Coast are at record high levels after two months of continuous increases. Rates are anticipated to stay elevated throughout the duration of this peak season. A variety of market forces and unique economic circumstances have combined to push rates to unprecedented levels in 2020.

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