SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

LONDON, May 23 (FAM) – Poor trade indicators in Asian manufacturing countries suggest export growth from the region could taper off in the coming months, adding to downside pressure on ocean freight rates.

Frederic Neumann, HSBC economist, said that while exports this year had been better than expected, there were now signs that exports are decelerating as shipments are “rolling over” to a later shipment date – because the cargo isn’t needed immediately as stocks are adequate.

 

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