Logistics sector in China stable in Oct: Trade body

04 Nov '23

1 min read

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Insights

Stable development was seen in China's logistics sector in October, according to the China Federation of Logistics and Purchasing.
The index tracking the country's logistics market performance stood at 52.9 per cent last month, down by 0.6 percentage points from the September figure.
Logistics market performance remained in the expansion zone last month.

Stable development was witnessed in China's logistics sector in October this year, according to the China Federation of Logistics and Purchasing.

The index tracking the country's logistics market performance stood at 52.9 per cent last month, down by 0.6 percentage points from the September figure. A reading above 50 indicates expansion, while a reading below reflects contraction.

Logistics market performance remained in the expansion zone last month, with logistics activities in all regions maintaining sound vitality, He Hui, chief economist of the federation, was cited as saying by a state-controlled media outlet.

The sector’s operation has a stable foundation in the next stage as the internal impetus for economic growth will steadily release, he added.

ALCHEMPro News Desk (DS)

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