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China's logistics sector remains stable in August 2023

13 Sep '23
1 min read
Pic: Shutterstock/Roman Vyshnikov
Pic: Shutterstock/Roman Vyshnikov

Insights

  • China's logistics sector remained stable in August 2023, recording a 50.3 per cent score in market dynamics.
  • This was a slight drop of 0.6 points from July, as per the China Federation of Logistics and Purchasing (CFLP).
  • Noting the data indicates expansion, CFLP chief economist He Hui anticipates continued recovery driven by effective policy incentives.
In August 2023, China’s logistics sector demonstrated a steady performance, as per industry data. The metric overseeing the market dynamics noted a score of 50.3 per cent, a minor decrement of 0.6 percentage points from July’s findings.

Figures exceeding the 50-point threshold denote an expansion, conversely, numbers falling below signify contraction, according to the China Federation of Logistics and Purchasing (CFLP).

He Hui, the CFLP chief economist, commented on the maintained stability throughout August, projecting a persistent recuperation due to the favourable impact of policy incentives.

Fibre2Fashion News Desk (NB)
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