China's e-commerce logistics industry maintained a stable performance in July, with the total business volume and rural business volume both maintaining year-on-year growth of over 20 percent, according to data released by the China Federation of Logistics and Purchasing (CFLP) on Tuesday.
The index tracking e-commerce logistics activities stood at 111.2 points in July, down 0.2 points from the previous month.
The index retreat came as concentrated promotional activities on e-commerce platforms gradually tapered off, leading to a return to normal operations of the e-commerce market. However, the overall foundation of the industry remained solid, according to the CFLP.
Regional data showed that the rural e-commerce logistics in the western and northeastern parts of the country continued to improve in July.
The sub-index tracking warehouse turnover rate rose 0.4 points from June, marking a third consecutive monthly increase, signaling further improvements in enterprise inventory turnover efficiency.
In addition, the sub-indices for logistics timeliness, fulfillment rate, and satisfaction rate all rose for six consecutive months since February, indicating steady improvements in service quality.
The cost sub-index fell 0.3 points in July, reflecting a slight ease in business operating pressures.
China's e-commerce logistics index posts steady performance in July
