BEIJING, Nov. 6 (Xinhua) -- China's warehouse storage sector reported expansion in October, industry data showed.
The index tracking the sector's development rose 3.2 percentage points from the previous month to 54.2 percent in October, according to a survey jointly released by the China Federation of Logistics and Purchasing and CMST Development Co., Ltd.
The index has remained above the line between expansion and contraction for three consecutive months. A reading above 50 percent indicates expansion, while one below 50 percent reflects contraction.
The October reading showed the downward pressure eased, and the industry started to recover.
The sub-index for enterprise profits rose 3.1 percentage points from the previous month to 52.1 percent. The sub-index for new orders rose 1.8 percentage points to 54.3 percent, setting a six-month high. Enditem
A single purchase
