China's logistics sector continued to operate in the expansion range in May, propelled by growing consumer demand, an industry report showed Thursday.
The index tracking the country's logistics market stood at 50.6 percent in May, down 0.5 percentage points from the previous month but still above the boom-bust line of 50 percent, according to the China Federation of Logistics and Purchasing.
The total business volume index in the central and western regions is higher than the national average, with the logistics demand for equipment manufacturing, automobile and parts manufacturing in the central region, and coals and chemical products in the western region continuously growing.
"In view of China's logistics industry prosperity index in May, the total business volume index remained in the expansion range. Some key indicators, such as the new order index, the employment index, the business expectations index, including the capital turnover ratio index, remained in the expansion zone, indicating that the logistics demand in May remained stable in upward trend," said Liu Yuhang, director of the China Logistics Information Center.
In May, multiple factors such as consumer goods trade-in programs, holiday consumption and residents' cross-regional travel have pushed up the consumer logistics demand.
According to a survey of e-commerce platforms, the logistics orders of home appliances and communication products increased by 10-15 percent year on year in May.
The total business indexes of postal express delivery, road transportation and railway transportation in May came in at 69.4 percent, 51.3 percent and 54.2 percent, respectively, all maintaining an expansion trend.
China's logistics sector continues expansion in May
China's logistics sector continues expansion in May
