Retailer optimism to boost US imports
US imports could hit 2m teu for three consecutive months from August to October, after falling to reach such levels since last October, National Retail Association says
A projected rise in US import volumes suggests retailers are optimistic about the holiday season, while the Federal Reserve’s interest rate hikes are taking a toll on retail sales and the US economy is showing signs of slowing. Meanwhile, US supply chains have so far seen limited impacts from the Panama Canal drought, as box ship transits remain largely on schedule
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