China's e-commerce logistics index grows to 111.6 points in May

China's e-commerce logistics sector continued to grow in May, with both supply and demand in steady rise, industry data showed on Tuesday.

The country's e-commerce logistics index stood at 111.6 points in March, up 1.1 points from a month earlier, according to the China Federation of Logistics and Purchasing (CFLP).

Specifically, the sub-index tracking the total business volume in the sector hit a new high over the past five months, and its year-on-year growth rate exceeded 30 percent for the first time so far this year.

All regions in the country saw an increase in the e-commerce logistics business volume, with the western region showing the largest month-on-month growth.

The rural e-commerce logistics business volume sub-index also hit a new high for this year at 129.6 points, up 0.6 point from the previous month.

Thanks to the consumer goods trade-in program, which encourages consumers to trade in old electronics and household goods for new ones with subsidies or rebates, China saw strong demand for home appliances and communication equipment in May.

The logistics timeliness sub-index reached 101.2 points in the month, exceeding the 100-point mark for the first time so far this year.

Meanwhile, the sub-index tracking e-commerce logistics companies' fill rate also rose month-on-month, indicating continuous improvement of their service efficiency.

"E-commerce logistics companies have kept improving their delivery speed and fulfillment rate, which has boosted consumption recovery," said He Hui, vice president of the CFLP.

The U.S. dollar increased in late trading on Thursday.

The dollar index, which measures the greenback against six major peers, gained 0.06 percent to 98.425 at 3 p.m. (2000 GMT).

In late New York trading, the euro decreased to 1.1725 dollars from 1.1745 dollars in the previous session, and the British pound was up to 1.3386 dollars from 1.3378 U.S. dollars in the previous session.

The U.S. dollar bought 155.52 Japanese yen, lower than 155.63 Japanese yen of the previous session. The U.S. dollar declined to 0.7940 Swiss francs from 0.7953 Swiss francs, and it fell to 1.3781 Canadian dollars from 1.3789 Canadian dollars. The U.S. dollar fell to 9.2846 Swedish kronor from 9.2984 Swedish kronor.