Port traffic indicates robust economic growth

The port of Long Beach, which is the largest port complex in the US has release preliminary figures showing that it has seen a 25% increase in container shipping traffic from May versus a year ago. Additionally the figures highlight this is the sixth straight month of growth, which is seen to be accelerating. (see below for further details)

• Imports up 27%

• Exports up 15% (the highest level in two years)

• Empties that leave the port up 35% from a year ago. This indicates that Asia needs US ships to bring goods to the US.

Also the port of LA has seen a container traffic increase by 20%, including a massive 58% increase in empties.

This report not only highlights a surge in demand for US goods from Asia, it also shows that the global economy is continuing to show robust growth as demand for goods increases.