China's logistics price index remains stable at 102.6 in May 2023

06 Jun '23

1 min read

Pic: Shutterstock/Lee Yiu Tung

Insights

In May 2023, China's road logistics price index remained at 102.6, reflecting similar levels to the previous year.
The figure showed a 0.64 per cent drop compared to April 2023 due to slowing demand and sufficient transport capacity.
In contrast, the sub-index for full-truckload logistics demonstrated a 1.25 per cent annual rise, hitting 102.7.

China’s road logistics price index held steady in May 2023, reflecting a similar level to the same period last year, as per industry data. The index registered at 102.6, marking a marginal dip of 0.64 per cent compared to April 2023 due to a slowing demand growth and an ample supply of transport capacity.

Meanwhile, the sub-index for full-truckload logistics, predominantly tracking bulk commodity and regional transportation, exhibited a 1.25 per cent year-on-year (YoY) rise, nudging up to 102.7, according to a joint survey by the China Federation of Logistics and Purchasing and the Guangdong Lin’an Logistics Group.

The country’s road logistics price index stood at 103.2 in April 2023, which was a 2.18 per cent YoY increase.

ALCHEMPro News Desk (NB)

More Textiles News - China...