Panjiva data shows seasonal economic growth amid long-term concerns

Following a 7 percent gain in shipments from March to April, April to May showed an 8 percent increase at 1,037,365, said Panjiva. The number of global manufacturers shipping to the U.S.—at 147,876 was up 6 percent, matching a 6 percent increase from March to April. Both shipments and manufacturers were down 1 percent, respectively, year-over-year.

By ·

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed solid economic growth on a seasonal basis from April to May.

Following a 7 percent gain in shipments from March to April, April to May showed an 8 percent increase at 1,037,365, said Panjiva.  The number of global manufacturers shipping to the U.S.—at 147,876 was up 6 percent, matching a 6 percent increase from March to April. Both shipments and manufacturers were down 1 percent, respectively, year-over-year.

While both shipments and the number of global manufacturers shipping to the U.S. are up over the last two months, concern over a possible double-dip recession remains heightened in recent weeks, due to energy prices, high unemployment and several other factors.

“I would describe this data as solid but seasonal growth,” said Panjiva CEO Josh Green. “If you look back on previous years from April to May, we always see growth. In 2008, April to May growth was up 6 percent and up 3 percent in 2009, and in 2010 it was 12 percent. As healthy as 8 percent is, it is still not on the level we saw a year ago at this time.”

Even though there was growth from April to May, Green said that this type of output was expected due to seasonal variations.

But he said that with the various reports of negative economic news at the moment, there are companies shifting into the mode of making purchases for the holiday season amidst these reports, which could lead to flat shipping trends throughout the third quarter and into the fourth quarter.

“There is a lot of caution across the board regarding the economy at the moment,” said Green.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
Improving E-Commerce Fulfillment Through Business Integration
As e-commerce continues to outpace conventional retail, companies of all sizes are finding ways to disrupt traditional business models and seize market share.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...