Container ship bookings for US imports still strong, but falloff may hit soon
(Chart: SONAR)
One of the most watched SONAR datasets currently is the Inbound Ocean TEUs Volume Index of U.S. imports (IOTI.USA). It represents a daily index of container bookings on vessels headed to the U.S. at the point of overseas origin, making it a leading indicator of import volume. The index provided an early look at import weakness in mid-2022 (light green line).
Currently, IOTI shows continued strength in...
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