XSI® Global
Global XSI® increases for second consecutive month
XSI® Global
· Global XSI® rose by 5.0% in August - twice the rate of increase registered in July.
· This marks the first time the Global XSI® has increased for two months in a row since the summer of 2022.
· The Global XSI® now stands at 159.0 points, the highest since October 2023.
· Despite the two months of growth the Global XSI® remains 6.0% lower than in August 2023.
· Growth is driven by the world’s largest fronthaul trades, particularly those out of China, while rates on the backhaul trades continue to drop.