BIIA member Panjiva reports that imports to the U.S. showed an increase of the highest level since Panjiva began tracking import data since 2007. This is the fourth consecutive month of high numbers of waterborne shipments coming to the U.S.. The numbers of these shipments coming into the U.S. increased +2% from September to October 2013. Previous years’ September to October changes: -10% in 2012, -0.2% in 2011, -2% in 2010, +3% in 2009, and +1% in 2008.
The number of global manufacturers shipping to the U.S. also increased in October, +1% increase from September to October. September to October changes in previous years: +5% in 2012, 0% in 2011, -2% in 2010, +3% in 2009, +1% in 2008, and +2% in 2007.
Import statistics indicate that U.S. businesses are gearing up for the holiday season. However BIIA’s contributing editor Dr. Chris Kuehl cautions that consumers may not be in the holiday mood this year. The data which he has collected thus far is not encouraging. Walmart is lowing expectations based on a reduction of traffic. Morgan Stanley has joined other firms in predicting a mediocre season. To top if off there is gloom expressed from the National Retail Federation based on surveys of their members and the reports of very limited traffic.
Source: Dr. Chris Kuehl, Armada Corporate Intelligence