Import cargo volume starts to slow after drawn-out season
The extended peak season at the nation’s major container ports is finally wrapping up.
Import volume at the ports is starting to slow down compared with persistent high numbers over the summer, according to the Global Port Tracker
Hackett Associates founder Ben Hackett added that core economic indicators are broadly flat or weakening slightly month over month recently.
"Despite this, consumers appear to remain confident and cautious at the same time, with consumer confidence indexes sliding to multi-year lows while consumer spending continues to be robust in the face of increasing inflation," he said.