Wednesday, January 23, 2008

 

Economic Indicator of the Day

Another obscure-sounding indicator is the Baltic Dry index. This is neither a specialist beer nor a measure of Russo-Finnish trade but a composite of global shipping costs for bulk commodities such as grains and coal. As such, it is a rough and ready measure of the state of global trade.

So it seems rather worrying that the index has fallen by a third since its peak in November.

—Market.view column in The Economist, "Baltic Woes"

The Economist quite freely admits that it hasn't a clue what it all means. Nevertheless...

Related posts
Economic Indicator of the Day (4/19/07)
Economic Indicator of the Day (5/6/07)

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