Sunday, July 19, 2009
Here's an updated version of a chart I've shown before, using June data for container exports from the Ports of Los Angeles and Long Beach, and goods exports through May. Things haven't bounced quite as much as I was expecting. However, I do think it's clear from this chart that the free-fall in global trade which began in the fourth quarter of last year has at the very least stopped, and has reversed to some degree. On a year over year basis, outbound LA container shipments were down only 9% in June, whereas they were down 29% last December.
Posted by Scott Grannis at 2:45 PM