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Economy

China Logistics Prosperity Index rebounds 0.1 percentage points to 54.9 pct in June

July 03, 2020


Abstract : The China Logistic Prosperity Index (LPI) picked up 0.1 percentage points from a month earlier to 54.9 percent in June, indicating a stable and upward growth trend across the country, according to China Federation of Logistics & Purchasing, reported Xinhua-run cnstock.com Thursday.

BEIJING, July 3 (Xinhua) – The China Logistic Prosperity Index (LPI) picked up 0.1 percentage points from a month earlier to 54.9 percent in June, indicating a stable and upward growth trend across the country, according to China Federation of Logistics & Purchasing, reported Xinhua-run cnstock.com Thursday. 

In June, the supply chain of China's logistic industry maintained the recovering trend since March, and the LPI has been pacing up steadily, said He Hui, director of China Logistics Information Center, adding that China's economic activities major industries such as transportation all became more active in June. 

The business volume of the express industry is also proliferating due to the surge in business promotion and online consume demand, added He. 

The indexes of inventory index rose 0.3 percentage points from May to 50.7 percent in June, while the employment index stood at 50.9 percent in June, up 0.3 percentage points from the previous month. 

With the new orders index shooting up 0.2 percentage points to 54.4 percent in June, the index rebounded in the expansion range for three consecutive months.

The forecast of the later trend shows that both the new order index and the business activity expectation index are expected to remain active, reflecting the optimistic attitude of enterprises to the future market expectations.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 


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