www.joc.com THE JOURNAL OF COMMERCE 65
JOC By the Numbers
ADVERTISERS
Bahri, www.bahri.sa ................................................. 46
Cosco, www.cosco-usa.com .........................................13
DP World, www.dpworld.com ....................................25
Hyundai Merchant Marine, www.hmm21.com ........... 19
IANA Intermodal Expo 2016,
www.intermodalexpo.com .......................................... 37
JLL, www.tradepointatlantic.com ................................ 57
Mediterranean Shipping Co., www.msc.com ...............5
MOL, www.countonmol.com ......................................72
Moran, www.morantug.com ...................................... 61
MTC Logistics, www.mtccold.com ..............................59
North Carolina Ports, www.ncports.com ....................23
Ports America Chesapeake,
www.pachesapeake.com ..............................................55
Port of Baltimore, www.marylandports.com ..............62
Port of Longview, www.portoflongview.com .............. 44
Port of Prince Rupert, www.rupertport.com ................42
Port of Vancouver,
www.portvancouver.com/ecoaction ..............................2
Port of Virginia, www.portofvirginia.com .................... 71
S.C. International Trade Conference,
www.scitc.org ............................................................35
The Northwest Seaport Alliance,
www.nwseaportalliance.com/bigger ........................... 41
TOTE Maritime, www.totemaritime.com .....................33
Yang Ming Line, www.yangming.com ......................... 9
■ IPI ● Growth Rate
70
80
90
100
-40%
-20%
0%
20%
7/22/16 7/24/15
Source: Economic Cycle Research Institute, www.businesscycle.com
JOC–ECRI INDUSTRIAL PRICE INDEX*
n
The JOC-ECRI Industrial Price Index was developed by the Economic Cycle Research Institute and is a leading indicator of
inflation based on a broad assortment of raw materials used in industrial production. The IPI growth rate compares the latest
week's index with the IPI's average over the past year.
2016 RECORD HIGH INDEX: Breaking 90 points for the seventh time and the seventh consecutive week since mid-September
2015, the JOC-ECRI Industrial Price Index for the week ending July 22, 2016, sequentially advanced 0.8258 point to a year-to-date
record high 94.5261 points in its 55th week in double-digit index.
In its 13th consecutive week of positive growth following 84 straight weeks in negative growth that had begun in the week ending
September 12, 2014, the JOC-ECRI IPI growth rate for the week ending July 22, 2016, was 19.3640 percent, a sequential gain of
2.2162 percentage points.
■ Rate per 40-foot box
$0
$500
$1,000
$1,500
$2,000
-100%
-50%
0%
50%
100%
Year-over-year
Week-over-week
7/25/16 7/20/16
PERCENT CHANGE: ● Year-over-year ● Week-to-week
8/6/12 $2,880
4/25/16 $623
High:
Low:
DREWRY CONTAINER RATE BENCHMARK
n
The Hong Kong-Los Angeles benchmark is based on Drewry Shipping Consultants' research and derived from NVOCCs. The
rate is in dollars and based on a full 40-foot containerload, excluding terminal-handling charges in Hong Kong.
$469 ABOVE RECORD LOW: The July 25, 2016, average spot market rate from Hong Kong to Los Angeles was $1,093 per
FEU, $469 or 75.3 percent above the $623-per-FEU benchmark record low of April 25.
SHEDS $325 FROM YEAR-TO-DATE HIGH: The July 25, 2016, average spot rate was $150 or 12.1 percent below the week
before, $125 or 10.3 percent below the same period last year, and $325 or 22.9 percent below the 2016 record high $1,418
held for the first three weeks in January.
Source: Drewry's Container Freight Rate Insight, www.drewry.co.uk
n MAY SALES TUMBLE 7.7 PERCENT YEAR-OVER-YEAR: The Semiconductor Industry Association's monthly global
sales for May 2016 totaled $26 billion, a 0.4 percent sequential gain, but a drop of 7.7 percent year-over-year.
May 2016 sales in the Americas dipped 0.1 percent from April, and plunged 15 percent year-over-year. In contrast,
China led sequential growth in May 2016 sales, rising 3.1 percent; Japan led year-over-year growth, eking out a
0.4 percent gain.
GLOBAL CHIP SALES
*Monthly sales volumes are a three-month moving average of global semiconductor sales.
Sources: Semiconductor Industry Association; World Semiconductor Trade Statistics organization • www.semiconductors.org
$22
$24
$26
$28
$30
■ Monthly sales, in billions of U.S. dollars* ● Month-to-month percent change
$22
$24
$26
$28
$30
-5%
0%
5%
10%
15%
MAY 2016 JANUARY 2012
■ Monthly sales, in billions of U.S. dollars* ● Month-to-month percent change
-6%
-3%
0%
3%
6%
FEBRUARY 2016 JANUARY 2012
■ Monthly sales, in billions of U.S. dollars*
● Month-to-month percent change
$22
$24
$26
$28
$30
-5%
0%
5%
10%
15%
MAR 2016 JAN 2012
