China logistics index rises to 50.9% in August

The Logistics Services Sector Prosperity Index in China rose to 50.9% in August, supported by improved market expectations and sustained demand for services, with 8 out of 12 sub-indicators recording an increase month-over-month. Business volume indicators across various transportation sectors exceeded 50%, and there was growing demand for logistics services in industries such as manufacturing, pharmaceuticals, and automotive. Additionally, demand for consumer products like electronics and furniture increased during the holiday season and back-to-school period, with smart products and sports equipment experiencing more than a 10% month-over-month rise in demand.

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