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CN Logistics Performance Index Falls to 50.6 in May
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In May, China's Logistics Performance Index (LPI) was 50.6, down 0.5 ppts MoM, but still within the expansion range, according to data from the China Federation of Logistics and Purchasing (CFLP). Multiple favorable factors such as trade-in, holiday consumption and cross-regional travel by residents drove a continuous increase in consumer logistics demand, the data added. Research from e-commerce platforms noted that logistics orders for home appliances and communication 3C products grew by 10-15% YoY in May. AASTOCKS Financial News Website: www.aastocks.com |
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