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December 13, 2022 Today’s Economic and Trade Consulting

2022-12-13


1. CPI in the euro zone fell by 0.1% month-on-month in November, lower than expected
Currently, Eurostat released data that the initial value of the reconciled CPI in the euro zone in November increased by 10% year-on-year, which was lower than the market expectation of 10.4% and 10.6% in October. From a month-on-month perspective, the CPI fell by 0.1% in November, which was lower than the market's expected growth of 0.2%, a sharp drop from the previous month's growth of 1.5%, and the first slowdown in a year and a half.


2. United States: The Fed is expected to raise interest rates again in mid-December
According to a CNN report on December 11 local time, the Federal Reserve is expected to raise interest rates again on the 14th, but this time the rate increase may be smaller than the previous four rate hikes. The chances of a 50 basis point rate hike by the Fed in December have risen to 80 percent, according to CME fed funds futures data.


3. From January 1 CPA requires that all goods passing through Chattogram Port be transported on pallets
A few days ago, the Chattogram Port Authority (CPA) has issued the latest circular, stipulating that less than container cargo (LCL) and full container cargo (FCL) loaded and unloaded at Chattogram port must be palletized/packaged according to appropriate standards, and attached there are marks.
This measure is to ensure the safety and smooth operation of the port. Authorities have expressed their willingness to take legal action against non-compliant parties under the CPA regulations, effective from January next year, which can require customs inspections.


4. U.S. container ports enter a "winter break"
Recently, according to the National Retail Federation (NRF), container imports will drop by 15% in the first quarter of 2023. Meanwhile, the monthly forecast for January 2023 is 8.8% lower than in 2022, to 1.97 million TEU. This decline is expected to accelerate to 20.9% in February, at 1.67 million TEU.
 

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