Monday, August 31, 2015

Global trade study validates the recessionary decline in Baltic Dry Index

One of the most important, but usually least talked about indicators that denotes the strength of the economy is the Baltic Dry Index (BDI).  This is a measurement that tracks shipping costs and quantities and is a strong signal for whether trade and exports are rising, or in decline.
And a new study out on Aug. 28 by the World Trade Monitor has now validated the recessionary numbers of the BDI, and shows trade within the global economy is now down to levels not seen since the Great Recession period of 2009.

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