China's logistics industry prosperity index reaches 50.6% in May

China's logistics industry prosperity index, an index tracking prosperity of the country's logistics market, reached 50.6 percent in May, China News Service reported on Thursday.

The index in May showed that the demand for logistics business across the country remains in an expanding trend, driven by both logistics in the consumption sector, and the stable and resilient demand for industrial logistics, said He Hui, vice-president of the China Federation of Logistics and Purchasing.

Among some key indicators in the sub-index sections, the completed fixed-asset investment and employment index saw a continuous rising trend, meanwhile, the volume of overall business, new orders, inventory turnover frequency, capital turnover rate, fixed-asset investment completion index, and business activity expectation remained in an expanding momentum, according to the report.

Looking ahead, the pace of logistics infrastructure and investment has accelerated, and the overall market outlook is optimistic, according to Hu Han, deputy chief economist of the China Logistics Information Center.

The index of completed fixed-asset investment rose by over 0.5 percentage points in May compared to previous month, recording a rising trend for three consecutive months. The business activity expectations index stayed above 55 percent for three consecutive months, said Hu.

Looking at key areas of the sector, enterprises still had a positive outlook on the logistics service fields of rail-water intermodal transportation, low-altitude economy, general aviation, and high-end manufacturing, Hu added.