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News / Economic News

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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IMPORTS SPIKE AS ECONOMY CONTINUES RECOVERY AND RETAILERS STOCK UP FOR HOLIDAYS

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

Imports surged to unexpected high levels this summer and may have hit a new record as the U.S. economy continues to reopen and retailers stock 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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AUGUST 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – September 2, 2020

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

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RETAIL IMPORTS TO SEE LOWEST ANNUAL TOTAL IN FOUR YEARS

Source:  National Retail Federation Press Release – August 10, 2020

Imports at major U.S. retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the U.S. economy continues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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JULY 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – August 6, 2020

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

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RETAIL IMPORTS IMPROVING SLIGHTLY, BUT STILL FAR BELOW LAST YEAR

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

Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19 pandemic continues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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JUNE 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – July 1, 2020

Economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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PANDEMIC’S IMPACT ON IMPORTS EASING, BUT NUMBERS ARE STILL BELOW LAST YEAR

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

The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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