China's e-commerce logistics index increases 1.1 pts in March
30 Apr 24 1 min read
Insights
- China's e-commerce logistics index rose to 112.5 in March, up 1.1 points from February, according to the China Federation of Logistics and Purchasing.
- The sub-index for total business volume reached a two-year high at 126.4, with rural areas also seeing growth to 127.7.
- This expansion, boosted by post-New Year consumption, is expected to continue.
Specifically, the sub-index tracking total business volume in the sector went up 4.2 points month on month to 126.4 points, hitting a new high over the past two years.
The figure tracking business volume in rural areas also rose 3.4 points from the previous month to 127.7 points during the period.
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As the weather warmed up and the Chinese New Year holiday ended in February, China's e-commerce logistics market logged steady expansion. The federation predicts that the growth is likely to continue in the next stage, driven by further consumption boom, according to Chinese media reports.
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