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A ‘troubling signal’ for the economy is fewer goods being shipped across the country

A ‘troubling signal’ for the economy is fewer goods being shipped across the country

Fewer goods being shipped across country

Here’s another early warning signal of possible recession: Fewer goods are being shipped across the country.

Truck,  rail and air freight volumes fell 5.3% in June from the same period a  year ago, the seventh straight annual decline, according to the closely  watched Cass Freight Index. That followed a 6% drop in May.

The persistent  drops could portend trouble for the economy because shipments reflect  demand for a wide range of consumer and industrial goods.

“There  is growing evidence from freight flows that the economy is beginning to  contract,” Donald Broughton, managing partner of Broughton Capital and  author of the Cass report, wrote in the latest edition last week.

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Source: A ‘troubling signal’ for the economy is fewer goods being shipped across the country

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