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Home > News > Valuable News > In October, China's logistics industry boom index picked up

In October, China's logistics industry boom index picked up

ECHEMI 2019-11-08

DryDoQ-Insights

China Federation of logistics and purchasing today released the prosperity index of China's logistics industry in October, which continued to maintain a recovery trend on the basis of last month's recovery, indicating that the overall operation of the logistics industry has improved. In October, the prosperity index of China's logistics industry was 54.2%, 0.4 percentage points higher than that of last month. From the perspective of sub indexes, except for the slight fall of capital turnover index, other sub indexes generally recovered moderately, showing that the overall operation of the logistics industry maintained a steady growth trend.

He Hui, director of China Logistics Information Center: from the perspective of industry situation, the railway transportation industry, water transportation industry, storage industry and express delivery industry basically maintain a high growth level; from the perspective of enterprise type, large enterprises continue to maintain a high growth, and small and medium-sized enterprises also continue to maintain the growth trend.

Specifically, the new order index rose to 53.2%, indicating that the logistics demand is still strong. The inventory related index also rebounded, reflecting that with the approaching of e-commerce promotion activities, the amount of warehousing business provided by logistics enterprises for sales terminals has increased, and express logistics and other subdivided formats will enter the seasonal peak season.

In addition, the expected index of business activity in October is 62% from the perspective of the later trend.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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