China's warehouse storage sector posts 7th straight expansion in Aug

13 Sep '23

1 min read

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Insights

In August 2023, China's warehouse storage sector marked its seventh month of growth, despite a slight dip to a 52 per cent in development index, according to the China Federation of Logistics and Purchasing and CMST Development Co, Ltd.
Sustained growth owing to effective pro-consumption policies is projected to persist into the subsequent month.

China's warehouse storage sector continued to exhibit growth in August 2023, marking its seventh consecutive month of expansion, according to data from a study conducted by the China Federation of Logistics and Purchasing alongside CMST Development Co, Ltd.

In August, the development index of the warehouse storage sector was reported to be 52 per cent, experiencing a marginal decrease of 0.2 percentage points compared to the preceding month. Despite this slight dip, the sector remained in the expansion territory, a domain demarcated by any score above the 50 per cent threshold, a figure representing growth, as opposed to scores below it that indicate contraction.

The steady advancement is projected to persist into the subsequent month, hinting at a favourable environment fostered by effective strategies enhancing consumption, said Chinese media reports quoting Wang Yong, the vice president of CMST Development.

Fibre2Fashion News Desk (DP)

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