58.9%! China'S Logistics Industry Index Reached A New High In November.

Today, the China logistics and purchasing Federation released the November China logistics industry index of 58.9%, up 4.7 percentage points from the previous month, hitting a new high in the year.

In November, thanks to the promotion of e-commerce and the stabilization of international trade environment, the total volume of logistics business rebounded rapidly, and demand remained strong. (the total logistics business volume index in November was 58.9%, rebounded by 4.7 percentage points) from the industry perspective, the express industry, warehousing, railway transportation and road transport industry remained at a high level. From the perspective of varieties, logistics of bulk products such as steel, building materials and nonferrous metals remained active; demand for daily necessities, agricultural and sideline products and medical supplies related to people's livelihood continued to grow. As the volume of logistics business increased, the utilization index of logistics equipment and inventory turnover index rebounded significantly, and the profits of logistics enterprises increased greatly, and the business condition of enterprises improved.

Cai Jin, vice president of China Federation of logistics and purchasing, The overall economic recovery has promoted the recovery of the whole logistics industry. In turn, the recovery of the logistics industry has promoted further economic growth in the coming months.

From the late trend, the new order index of logistics industry is 58%, and the business activity expectation index is 61.5%, indicating that the logistics industry economy will maintain a good operation trend.