Stifel Index sees little change

Little change in latest Stifel Logistics Confidence from March to April.

Stifel Transport Logistics

According to a report by Transport Intelligence there is little change in the latest monthly Stifel Logistics Confidence Index. It slipped only 0.1 points from 57.0 in March to 56.9 in April, the overall index did however favor improvements in the present situation increasing 1.6 points to 51.8. However, expectations for the next six months dimmed falling 1.8 points to 62.0 for April.

The report cited monthly airfreight data as an example for these statistics. For April, the present situation increased 0.5 points to 49.0 whereas expectations declined 2.0 to 61.3. The present situation indicates a current market in contraction due to the index figure below the 50-level. However, compared to April 2013, the present situation has improved 7.0 points.

The Stifel report said airfreight expected situation which shows decline on all trade lanes except Europe to Asia that noted a 1.2 point increase to 62.0. Etihad Cargo, a division of Etihad Airways, has noted increases in this trade lane in particular. “We are seeing an adjustment of flows between European exports in China, for example, Chinese middle class consumers buying European goods and that’s creating a market for car spares and different equipment moving into China,” said David Kerr, Vice President of Cargo at Etihad Airways.