China's Oct e-com logistics index up 0.6 pts, may grow further in Nov

The sub-index tracking total business volume surged up to 133.7 in the month, hitting the highest record in almost five years, marking a rise of 2.5 points from the previous month.

The index tracking business volume in rural areas also recorded a consecutive growth to 132.2—up by 2.8 points from last month’s figure. Northeast China saw the biggest rebound, rising by 7.2 points.

China’s parcel delivery sector grew during the period of promotions by e-commerce platforms as the online shopping festival, Double Eleven, started at the end of October, a state-controlled news outlet reported

About 1.92 billion express packages were sent through the national post express from October 21 to 23—an increase of 48.7 per cent year on year (YoY), according to the data from the State Post Bureau.

Travel consumption during the golden week holiday, from October 1 to 7, regional subsidy policies and other stimulus measures motivated the consumer market in October, bringing huge potential opportunities for e-commerce logistics, the China Logistics Information Centre reported.

The large volumes of e-commerce purchases and delivery express may last for over a month, and the e-commerce logistics index is expected to grow this month as well, it added.

Fibre2Fashion News Desk (DS)