|
 |
|
Staff members of a logistics distribution center carry packages on Nov 22, 2013 in Handan city, Hebei province. [Photo/IC] |
BEIJING - The growth of China's logistics activities slowed in August amid downward pressure in the economic recovery, according to the China Federation of Logistics and Purchasing on Friday.
The logistics performance index (LPI) for August came in at 54.1 percent, down 2.7 percentage points from a month earlier.
A reading above 50 percent indicates expansion from the previous month, while a reading below indicates contraction.
In breakdown, the index for new orders stood at 54.2 percent, retreating 1.8 percentage points from that in July.
He Hui, deputy director of the China Logistics Information Center, said the indices showed the economy is stable but there is downward pressure.
Earlier statistics showed that the purchasing managers' index (PMI) came in at 51.1 in August, down from July's 51.7, indicating subdued momentum in the country's economic recovery.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
