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Economy

China's logistics performance index down in February amid epidemic

March 09, 2020


Abstract : China's logistics activities slowed in February due to the impact of the novel coronavirus outbreak, industry data showed.

BEIJING, March 7 (Xinhua) -- China's logistics activities slowed in February due to the impact of the novel coronavirus outbreak, industry data showed.

The logistics performance index for February came in at 26.2 percent, retreating from 49.9 percent in January, according to the China Federation of Logistics and Purchasing.

A reading above 50 percent indicates expansion while a reading below reflects contraction.

He Hui, director of the China Logistics Information Center, attributed the slowdown to disrupted logistics activities during the epidemic.

As China is intensifying efforts to curb the virus and accelerate work resumption, the epidemic will only affect logistics demand in the short term, he said.

The sector's growth will return to a stable trajectory as the epidemic control improves, according to He.

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Keyword: logistics

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