Logistics index hits 51.5% as demand surges in China

China's logistics sector showed a notable improvement in business activities in March, according to the China Federation of Logistics and Purchasing.

The index tracking logistics market performance rose to 51.5 per cent in March, up 2.2 percentage points from the previous month, returning to the expansion zone.

The improvement was driven by a rebound in market demand. Recovery of the supply chain accelerated at both upstream and downstream levels, and industrial demand was unleashed. Sub-indices for Railway, water and air transport, and express delivery industries saw significant recoveries, as per domestic media reports.

China's logistics industry has maintained steady expansion, with its total social logistics value expanding 5.8 per cent year on year to 360.6 trillion yuan (~$50.16 trillion) last year.

Fibre2Fashion News Desk (HU)