China's e-commerce logistics index increases 1.1 pts in March

30 Apr '24

1 min read

China's e-commerce logistics index increases 1.1 pts in March

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Insights

China's e-commerce logistics index rose to 112.5 in March, up 1.1 points from February, according to the China Federation of Logistics and Purchasing.
The sub-index for total business volume reached a two-year high at 126.4, with rural areas also seeing growth to 127.7.
This expansion, boosted by post-New Year consumption, is expected to continue.

China's e-commerce logistics index, an indicator of logistics operations in the e-commerce sector, stood at 112.5 points in March, up 1.1 points from a month earlier, according to the China Federation of Logistics and Purchasing.

Specifically, the sub-index tracking total business volume in the sector went up 4.2 points month on month to 126.4 points, hitting a new high over the past two years.

The figure tracking business volume in rural areas also rose 3.4 points from the previous month to 127.7 points during the period.

As the weather warmed up and the Chinese New Year holiday ended in February, China's e-commerce logistics market logged steady expansion. The federation predicts that the growth is likely to continue in the next stage, driven by further consumption boom, according to Chinese media reports.

Fibre2Fashion News Desk (DP)

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