Logistics sees expansion in January
Print Edition
CHINA’S logistics sector continued to expand in January although the upcoming Spring Festival holiday affected business activity, an industry index showed yesterday.
A performance index for the sector stood at 53.3 in January, 1.7 points below the previous month but still above the 50-point demarcation level, according to data from the China Federation of Logistics and Purchasing.
A reading above 50 indicates expansion, while one below that means contraction.
He Hui, deputy head of the China Logistics Information Center, attributed the lower reading to seasonal factors as business is usually slack ahead of the Spring Festival, which begins on Monday.
Storage business indices for consumer goods, such as food and home appliances, as well as machinery equipment were at relatively high levels, reflecting strong logistics activity in those industries, He said.
An index for business expectations in the logistics sector increased by 1.6 points to 54.9 in January, showing that enterprises were positive about post-holiday business, according to the federation.
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