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Airfreight was the strongest segment mentioned in the report, reaching an index level of 57 for the month of September, a significant jump from the index of 38 reported in August. Survey respondents showed confidence that the index will remain strong for the next couple of months. They predicted an airfreight-forwarding index of 65 in October and 54 in November.
European forwarders from the U.K., Denmark, Sweden, Finland, Switzerland, Benelux and Eastern Europe were asked, “What volume of goods does your company handle today compared with two months ago?” They were allowed to respond with three choices: Lower volume, unchanged volumes or lower volumes. These responses, adjusted for typical seasonal variation, were translated into an index value between 0 and 100; those above 50 indicate expansion among participating companies, while values below 50 indicate contraction.
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