Logistics activities in China eased in July. The index tracking the logistics market performance there stood at 48.6 per cent in the month, down by 3.5 percentage points from the June figure, according to the China Federation of Logistics and Purchasing, which attributed the slight contraction to rain, a hot summer and COVID-19 outbreaks in some regions.A reading above 50 indicates expansion, while a reading below reflects contraction.
The sub-index for fixed-asset completion volume rose by 1.1 percentage points in July over the June figure, marking a continuous climb for three months, official Chinese media reported.
Logistics activities in China eased in July. The index tracking the logistics market performance there stood at 48.6 per cent in the month, down by 3.5 percentage points from the June figure, according to the China Federation of Logistics and Purchasing, which attributed the slight contraction to rain, a hot summer and COVID-19 outbreaks in some regions. #
The optimism for continuous market growth was relatively strong, with the sub-index staying above 53 per cent for a third straight month, a survey of the logistics firms in China showed.
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