European freight forwarders are reporting improving volumes and expect the trend to continue over the coming two months, according to Danske Bank’s European Freight Forwarding Index.
The Danish bank’s forwarding index for current volumes increased to 52 in March, from 47 in February, while the index for volume expectations during the next two months increased from 56 during the last survey to 58.
Any value over 50 indicates that volumes are expected to increase, while values below indicate volume decreases.
European freight forwarders are reporting improving volumes and expect the trend to continue over the coming two months, according to Danske Bank’s European Freight Forwarding Index.
The Danish bank’s forwarding index for current volumes increased to 52 in March, from 47 in February, while the index for volume expectations during the next two months increased from 56 during the last survey to 58.
Any value over 50 indicates that volumes are expected to increase, while values below indicate volume decreases.
Danske Bank breaks down its index into different transport modes and countries. The sea freight index for current volumes increased to 52 in March from 45 in February, while the index for volume expectations decreased slightly from 64 to 62.
While this indicates ocean volumes are still expected to increase during the next two months, the strength of growth expectation has weakened.
In terms of the individual country indices, Sweden has the highest volume expectation at 80, with the UK next at 73.
In terms of current volumes, the UK leads with 63 and Sweden is not far behind with 60. The index for Germany’s current volumes is the lowest, at 33.
The survey asks participants two questions: what volumes does your company handle today compared with two months ago, and how do you expect volumes of goods to develop over the next two months?
Discussion about this post