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Slowdown in throughput at Shenzhen ports

According to America’s National Retail Federation’s? 2008 Holiday Consumer Intentions and Actions Survey www.nrf.com/holidayhq, conducted by BIGresearch, US consumers plan to spend an average of US$832.36 on holiday-related shopping. This is a mere 1.9% higher last year’s $816.69, the lowest increase since the survey began in 2002. Though shoppers choose to visit stores for different reasons, consumers say one factor will play the biggest role in buying decisions this year: price. According to the survey, 40% of shoppers say that sales or promotions is the largest factor when determining where to shop, while another 12.6% state that everyday low prices are most important.? As in previous years, gift giving is the largest component of shoppers’ budgets. (Photo: Port of LA main channel)

Most of the Christmas sales cargo left the PRD’s production centres a few months ago. September port figures for Shenzhen registered negative growth of -2.4%, while the Hong Kong port’s throughput was static at 1.2% for the month of September.

Cumulatively, from Jan-Sept 2008, the Hong Kong port has seen a total throughput of 18.6mn TEU, a rise of 4.7% over the same period last year. The Shenzhen ports, meanwhile, handled a total of 16.2mn TEU from Jan-Sept this year, with a growth of 5.8%.