A reading above 50 indicates expansion, while a reading below reflects contraction.
The logistics sector in China witnessed renewed growth momentum in September with a recovery in market demand and improved business operations, according to industry data. The index tracking the country’s logistics market performance was 50.6 per cent in the month—a rise of 4.3 percentage points from the August figure, reversing a two-month losing streak.
According to the China Federation of Logistics and Purchasing (CFLP), most sub-indices rose in September.
The sub-index for new orders was 50.1 per cent, up by 3.2 percentage points from the August figure, indicating a rise in orders and demand recovery in the logistics market, official Chinese media reported.
In September, the sub-index for employees increased by 1.4 percentage points to near 50 per cent, indicating that the employment situation in the sector was stable as well, CFLP added.
Fibre2Fashion News Desk (DS)