China’s logistics activity stays stable

The story appears on

Page A11

June 3, 2016

Free for subscribers

Source: Xinhua | June 3, 2016, Friday |

Print Edition

CHINA'S logistic activity remained stable in May as the economy showed more signs of stabilizing, official data showed yesterday.

The logistics performance index for May was 54.2 percent, flat from April, according to the China Federation of Logistics and Purchasing.

A reading above 50 percent indicates expansion from the previous month, while a reading below signals contraction.

The index for new orders stood at 55 percent, recovering 1.5 percentage points from that in April and showing improvement in the real economy.

The index measuring costs of main business rose 1 percentage point to 57 percent, putting strains on the profitability of logistics companies.

China’s economy grew 6.7 percent annually in the first quarter of 2016.

Business Transport