BEIJING, June 3 (Xinhua) — China’s logistics sector returned to expansion in May, the China Federation of Logistics and Purchasing said Wednesday.
The index tracking the country’s logistics market — an indicator of economic vitality — stood at 50.3 percent in May, up 0.6 percentage points from the previous month.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
“In May, industrial logistics demand accelerated, while consumer-related logistics demand maintained steady expansion,” said Liu Yuhang, director of the China Logistics Information Center.
All sub-indices posted increases last month. The total business volume sub-index came in at 50.3 percent, rising 0.6 percentage points from the previous month. The new orders sub-index rose for three consecutive months to reach 50.2 percent in May. The fixed-asset investment completion sub-index stood at 54.1 percent, up 0.4 percentage points from April.
Market expectations stayed optimistic, with the business activity expectation sub-index at 55.9 percent, according to the federation.
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