Retail Imports Forecast Turn Sharply Negative
The extended Chinese factory shutdowns after Lunar New Year caused by the coronavirus outbreak resulted in March retail imports that were down to an estimated 1.27 million Twenty-Foot Equivalent Units, 21.3% lower than last year, according to the NRF’s Port Tracker. That estimate is the third downward revision from the original 1.70 million TEU forecast before the coronavirus hit. February imports were better than expected, but still down 6.8% to 1.51 million. Looking ahead, Covid-19’s ... Log in to view full article.