U.S. retailers are importing like they have confidence in American consumers. The latest monthly Global Port Tracker report looks more upbeat than it had in previous months, and the National Retail Federation and Hackett Associates say they now believe imports in the first half of the year will end up in positive territory, WSJ Logistics Report’s Loretta Chao writes.
That’s based in part on relatively strong 3.7% year-over-year growth in imports at major ports in February. Some measures on the supply side are turning upward: China’s official manufacturing index showed its first growth in eight months in February, a possible sign that orders to factories from abroad are picking up.
Still, retail sales slipped slightly in February, and if store activity doesn’t match the action at the ports companies may pull back sharply on shipments to pare back inventories.
Read the full article on the Wall Street Journal website.