The European Freight Index produced by Danske Bank indicates less positive development than was expected. Having slipped from 67 in April to 63 in May, the index is lower than the participants in the survey had anticipated two months ago. The air freight index dropped sharply to below the 50 threshold and maritime freight also contracted, while road freight remains relatively stable.
The survey consisted of two main questions: what is the volume of freight currently being processed by the company compared with 2 months ago and how are the volumes likely to evolve over the next 2 months? The responses give a value index that varies between 0 and 100. Scores above 50 equate to expansion.