China's e-com logistics index up by 1.2 points in Nov over Oct figure

11 Dec '23

1 min read

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Insights

The e-commerce logistics index in China was 113.1 points in November—up by 1.2 points from the October figure.
The sub-index tracking total business volume last month stood at 124.1 points, marking a rise of 1.7 points from the October figure.
The sector made steady progress between January and November.
The upward trend is expected to continue.

The e-commerce logistics index in China was 113.1 points in November—up by 1.2 points from the October figure, according to the China Federation of Logistics and Purchasing.

The index indicates logistics operations in the e-commerce sector.

The sub-index tracking total business volume last month stood at 124.1 points, marking a rise of 1.7 points from the October figure.

Rural e-commerce demand also rose in the month, with the sub-index tracking e-commerce logistics in such regions rising by 0.9 points from October to 129.5 points, a state-controlled news outlet reported.

The e-commerce logistics sector made steady progress between January and November this year, with significant improvement at both supply and demand sides, and the index returned to a five-year-high, the organisation said.

The upward trend is expected to continue as the consumption pattern of citizens has transformed, domestic brands have risen and new business forms in e-commerce have emerged.

Fibre2Fashion News Desk (DS)

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