BEIJING, May 9 (Xinhua) -- China's logistics activities continued to pick up in April, according to data from the China Federation of Logistics and Purchasing (CFLP).
The logistics performance index, which tracks business volumes, new orders, employment, inventory turnovers and equipment utility rates in the sector, came in at 57.3 percent last month, up 2.4 percentage points from March.
A reading above 50 percent indicates expansion, while a reading below 50 reflects contraction.
The logistics sector continued to expand in April, indicating that the industry's business activities are taking a prosperous turn, said the CFLP.
The sub-index for equipment utility rates rose by 1.8 percentage points from March to 55 percent in April.
The sub-index for new orders stood at 56.1 percent, while the sub-index for business activity expectations was 62.1 percent, showing that logistics activities will continue to expand in the future. Enditem
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