Home / Knowledge / News / Apparel/Garments / NRF expects retail import growth to hike in May
NRF expects retail import growth to hike in May
15
May '13
Import volume at the nation’s major retail container ports is expected to increase 3.3 percent in May over the same month last year but growth could trickle to a standstill by the end of the summer, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“The weak cargo increases expected over the next few months are consistent with other signs that the economy is slowly improving but show that retailers remain cautious, especially when it comes to stocking their inventories,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

“We’re looking at barely 1 percent of year-over-year growth through the early summer, and August and September are expected to be basically flat even though they’re supposed to be two of the busiest months of the years.”

“With consumer confidence low, employment struggling to recover, and less money in shoppers’ pockets because of the payroll tax hike, we need to see action from Washington that will provide some fiscal certainty for families and businesses alike,” Gold said.

Cargo import numbers do not correlate directly with retail sales or employment because they count only the number of cargo containers brought into the country, not the value of the merchandise inside them. But the amount of merchandise imported nonetheless provides a rough barometer of retailers’ expectations.

U.S. ports followed by Global Port Tracker handled 1.14 million Twenty-foot Equivalent Units in March, the latest month for which after-the-fact numbers are available. That was down 10.9 percent from February and 8.6 percent from March 2012. One TEU is one 20-foot cargo container or its equivalent.

April was estimated at 1.29 million TEU, down 1.4 percent from a year ago. May is forecast at 1.42 million TEU, up 3.3 percent from last year; June at 1.4 million TEU, up 1.4 percent; July at 1.43 million TEU, also up 1.4 percent; August at 1.43 million TEU, up 0.1 percent, and September at 1.41 million TEU, unchanged from last year.

The first six months of 2013 are expected to total 7.8 million TEU, up 2 percent from the first half of 2012. The total for 2012 was 15.8 million TEU, up 2.9 percent from 2011.

“Despite the Fed pumping liquidity into the market, consumer confidence still has not turned the corner,” Hackett Associates Founder Ben Hackett said. “We need to see the economy strengthen in the coming quarters before we can begin to see the threat of a further economic downturn dissipating. Trade will remain at low growth levels until we reach this stage.”

Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast.

National Retail Federation

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search