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5/18/2014 United States Shipping Report Q2 2014 | Market Research

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Market Research > Search Results > Uni ted States Shi ppi ng Report Q2 2014
United States
Shipping Report
Q2 2014
Business Monitor International
April 9, 2014
127 Pages - SKU: BMI5232841
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Abstract Table of Contents Related Reports
Countries covered: United States
United States Shipping Report Q2 2014
BMI maintains its cautiously optimistic view on the US shipping sector. After estimated contractions inTEU throughput at
both the port of Los Angeles and the Port of New York/New Jersey in 2013, we forecasta return to growth in 2014 at both
facilities. Our view for gradual strengthening in the US economy throughend 2014 continues to play out, driven by a
tightening labour market and sustained growth in the cyclicalcomponents of the economy, notably the residential housing
sector and business investment in equipment.
Data have been particularly strong in recent months, and we acknowledge that risks are weighted to theupside.
Our 2014 growth forecast of 2.7% represents a bounce from 2013, and we believe that the risks to economicexpansion
remain predominantly to the upside. Our core view on the US economy is that the recovery isbecoming increasingly
entrenched, and that by 2014 many of the headwinds to growth, includinggovernment spending cuts, will be dissipating.
Not only do we expect accelerating growth in 2014, webelieve the US economy could be on the cusp of a multi-year period
of stronger growth.
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5/18/2014 United States Shipping Report Q2 2014 | Market Research
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