Subscribe to our free, weekly email newsletter!


Panjiva data shows seasonal economic growth amid long-term concerns

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed solid economic growth on a seasonal basis from April to May.
By Jeff Berman, Group News Editor
June 16, 2011

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed solid economic growth on a seasonal basis from April to May.

Following a 7 percent gain in shipments from March to April, April to May showed an 8 percent increase at 1,037,365, said Panjiva.  The number of global manufacturers shipping to the U.S.—at 147,876 was up 6 percent, matching a 6 percent increase from March to April. Both shipments and manufacturers were down 1 percent, respectively, year-over-year.

While both shipments and the number of global manufacturers shipping to the U.S. are up over the last two months, concern over a possible double-dip recession remains heightened in recent weeks, due to energy prices, high unemployment and several other factors.

“I would describe this data as solid but seasonal growth,” said Panjiva CEO Josh Green. “If you look back on previous years from April to May, we always see growth. In 2008, April to May growth was up 6 percent and up 3 percent in 2009, and in 2010 it was 12 percent. As healthy as 8 percent is, it is still not on the level we saw a year ago at this time.”

Even though there was growth from April to May, Green said that this type of output was expected due to seasonal variations.

But he said that with the various reports of negative economic news at the moment, there are companies shifting into the mode of making purchases for the holiday season amidst these reports, which could lead to flat shipping trends throughout the third quarter and into the fourth quarter.

“There is a lot of caution across the board regarding the economy at the moment,” said Green.

Panjiva data points to seasonal growth pattern in global trade
A seasonal economic growth pattern appears to be shaping up based on the most recent set of data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

About the Author

image
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff joined the Supply Chain Group in 2005 and leads online and print news operations for these publications. In 2009, Jeff led Logistics Management to the Silver Medal of Folio’s Eddie Awards in the Best B2B Transportation/Travel Website category. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. If you want to contact Jeff with a news tip or idea,
please send an e-mail to .(JavaScript must be enabled to view this email address).


Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Movie intended to engage manufacturing employers and workers, legislators, educational facilities, reporters and even consumers.

New Women in Manufacturing Group’s survey results released ahead of Manufacturing Day.

New version of pallet and unit load design software now includes block pallet design and analysis

Even though some of its key metrics dropped sequentially from August to September, the outlook for manufacturing over all remains strong, according to the most recent edition of the Manufacturing Report on Business issued today by the Institute for Supply Management (ISM).

Former senior vice president, CIO for CHEP brings 30 years of experience in global supply chains and information technology.

Article Topics

News · Panjiva · All topics


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA