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If you believe the latest tracking numbers, the recession may have bottomed out and is ever so slowly inching back up. Durable goods, GDP growth and consumer confidence are all up slightly, and the global trade falloff has seemingly halted. Of note is the Purchasing Managers Index which hit 42.8 percent in May, ahead of March’s 40.1 percent. A PMI reading of 50 or better represents economic growth, but the index has been trending down for the past 16 months. December’s PMI was at a low of 32.9 and has gone up gradually every month since then.

“Even though the PMI remains below 50, the ISM report showed growth in several key areas, including new orders, production, supplier deliveries, exports, and imports.”

Another survey from Transport Intelligence’s Global Logistics Business Confidence Index shows confidence among logistics executives increasing in optimism.

“Survey respondents perceived the North American market to be the weakest of all the regions. However they also expect the biggest bounce back, with the index showing the highest expectation of market strength in twelve months time. Asia Pacific and Western European respondents are now also much more confident about the future. Central & Eastern European respondents were the gloomiest, expecting their markets to weaken significantly over the next twelve months.”

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