THE latest figures posted by the China Federation of Logistics and Purchasing (CFLP) show that the China's Logistics Prosperity Index (LPI) dropped 0.9 percentage point to 51.5 per cent in January from December 2013, still remain above the critical level of 50 per cent, Xinhua reports.
Major sub-indices like the business volume index, new order index and the facility utilisation rate index all fell, but managed to stay above the critical level.
The business volume index dropped 0.5 percentage point from last month but still stood at 55.2 per cent. Facility utilisation rates slipped 0.1 percentage point to just 50 per cent. New order index fell 0.7 percentage point to 51.8 per cent. Capital turnover index climbed two percentage points to 52.3 per cent.
He Hui, deputy director of China Logistics Information Centre, said that LPI's fall was normal in the circumstances of Chinese New Year holiday. Business volume index stood high at 55.2 per cent, which reflected that the logistics industry was still very active though it became less active (falling by 0.5 percentage point).
The business expectation index fell below 50 per cent. From this and the fall of the new order index too, Mr He feels the logistics industry will continue to be weaker in February, affected by the Chinese New Year holiday.
LOGISTICS
14 February 2014 - 22:34
China Logistics Prosperity Index declines 0.9 in January to 51.1pc
THE latest figures posted by the China Federation of Logistics and Purchasing (CFLP) show that the China's Logistics Prosperity Index (LPI) dropped 0.9 percentage point to 51.5 per cent in January from December 2013, still remain above the critical level of 50 per cent
LOGISTICS
14 February 2014 - 22:34
China Logistics Prosperity Index declines 0.9 in January to 51.1pc
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