The Stifel Logistics Confidence Index fell into a fifth consecutive month of decline in October. Significantly, the index has now fallen beneath the neutral 50 point mark for the first time since January 2013, with confidence in both the sea freight and airfreight markets plummeting. The Logistics Situation for airfreight was especially bad, declining by 3.2 points to 45.7. The same trends that influenced last month's decline are persisting, with weak emerging market growth, China's financial crisis, and the Chinese shift towards domestic consumption all influencing the trajectory of the index.
The Stifel Logistics Confidence Index saw a fourth consecutive month of decline in September. While the Index, at 51.5, remains above the neutral 50 mark, times may be gloomier that the numbers alone suggest.