Professor Mark J. Perry's Blog for Economics and Finance
Although still below levels from a year ago, shipping volume at the Port of Los Angeles has shown some recent improvements, with increases in four of the last five months (see chart above), and a 39% rebound in July's volume compared to the February low.
Updated: Top chart above shows seasonally adjusted data, with increases in three of the last five months.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
3 Comments:
". . . with increases in four of the last five months . . ."
i don't think this has any significance.
my understanding is that this data is not seasonally adjusted. this is important, as you can see from the chart there is a seasonal pattern. there's *always* an increase in the first half of the year.
Bobble: See updated post with SA data.
Funny, but the Port of Los Angeles considers this a catastrophe. Eat flowers, crap rainbows.
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