China's e-commerce logistics sector sees growth in April 2024

15 May '24

1 min read

China's e-commerce logistics sector sees growth in April 2024

Pic: Adobe Stock

Insights

China's e-commerce logistics sector saw significant growth in April 2024, with the logistics index rising to 113.2 points, a 0.7-point increase from March.
Total business volume rose by 1.3 points to 127.7, and rural business volume increased by 0.2 points to 127.9.
The logistics market performance index reached 52.4 per cent, up 0.9 points.

China's e-commerce logistics sector experienced significant growth in April, with the logistics index climbing to 113.2 points, a 0.7-point increase from March, according to the China Federation of Logistics and Purchasing.

The sub-index for total business volume rose by 1.3 points to 127.7 points month-on-month. Notably, the business volume in rural areas also saw an uptick, increasing by 0.2 points to 127.9 points.

Overall, China's logistics sector demonstrated robust growth in April, driven by a nationwide rebound in demand. The performance index for the logistics market reached 52.4 per cent, up 0.9 percentage points from the previous month.

The sub-indices for business expectations have remained in the expansion zone for three consecutive months, according to Chinese media reports.

ALCHEMPro News Desk (DP)

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