China’s Logistics Industry Prosperity Index Continues to Rise in April
The China Federation of Logistics and Purchasing announced today the China Logistics Industry Prosperity Index for the month of April, showing a continuous improvement in the prosperity level of the logistics industry. The index for April was 52.4%, an increase of 0.9 percentage points from the previous month.
Among the sub-indexes, the total business volume index, new order index, and equipment utilization index all saw a rebound, indicating a significant increase in logistics activity. The upstream and downstream supply chains also maintained a coordinated recovery trend, with stable growth in transportation volume of energy raw materials.
In the manufacturing industry, there was a release of logistics demand for equipment manufacturing and transportation equipment manufacturing, as well as rapid growth in logistics demand for daily fast-moving consumer goods and durable consumer goods such as furniture and home appliances. The total business volume index in the eastern and central regions rebounded by more than 1 percentage point month-on-month, while the new order index in the same regions also saw an increase of more than 0.5 percentage points.
Overall, the report indicates a steady rebound in logistics demand since April, with increased logistics activity and a further consolidation of a strong foundation for the industry’s development.
This positive news is a clear sign of the recovery and growth of China’s logistics industry, providing optimism for the future of the sector.