Connect with us

Economy

China logistics prosperity index rebounds 0.1% points to 54.9% in June

Published

on

China logistics prosperity index rebounds 0.1% points to 54.9% in June


The China Logistic Prosperity Index (LPI) picked up 0.1 per centage points from a month earlier to 54.9 per cent in June.

This indicates a stable and upward growth trend across the country, according to China Federation of Logistics and Purchasing, reported Xinhua-run cnstock.com Thursday.

He Hui, Director of China Logistics Information Centre, said that in June, the supply chain of China’s logistic industry maintained the recovering trend since March and the LPI has been pacing up steadily.

According to him, China’s economic activities major industries such as transportation all became more active in June.

He said that the business volume of the express industry was also proliferating due to the surge in business promotion and online consume demand.

The indexes of inventory index rose 0.3 per centage points from May to 50.7 per cent in June, while the employment index stood at 50.9 per cent in June, up by 0.3 percentage points from the previous month.

With the new orders index shooting up 0.2 percentage points to 54.4 per cent in June, the index rebounded in the expansion range for three consecutive months.

The forecast of the later trend shows that both the new order index and the business activity expectation index are expected to remain active, reflecting the optimistic attitude of enterprises to the future market expectations.

Edited By: Ese E. Ekama (NAN)

Nana Musa: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a media subscriber of the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

FG inaugurates committee of professionals to oversee intergovernmental affairs Mafa: Borno Govt resettles 2,800 displaced families 6-years after insurgents’ attack NAIC, AFAN partner to insure 40m farmers against flood, other disasters Lagos Assembly proposes N20m licence fee for lottery, betting operators Lagos govt charges Lagosians to plant coconuts trees Edo unemployment rate declines to 19% under Obaseki’s job creation drive-official PDP reconstitutes Kaduna State caretaker committee Nasarawa Deputy Governor tasks journalists on investigative reportage Sales rep docked over alleged theft of employer’s goods worth N430,000 Shop owners, traders lament as Kuje Council demolishes structures LASG reverses 10% service charge for trips on e-hailing platforms Unilag ASUU says no going back in rejection of VC’s removal Court remands 2 men over alleged serial robberies with knife, rape KEDCO loses N260m to vandalism in 3 months NCDMB Tower: A boost to local content — P100 companies Osun-Osogbo Festival ends with low turnout due to COVID-19 FAAN trains NRC personnel on passenger screening Big Brother Naija becomes most-watched entertainment live stream on Showmax SEC donates ambulance, bottled water to Rivers Govt Gombe State Govt. releases N5m for procurement of anti-snake venom NiMet urges staff to shelve planned strike Greta Thunberg among climate activists to meet Merkel in Berlin WASSCE: Kwara Govt.warns principals against malpractice Edo Campaign: Electorate defy rain to receive Gov. Obaseki Mosque reopening: Adhere to COVID-19 protocols, NSCIA tasks Ekiti Muslims NSCDC dismisses report indicting personnel in Ebonyi market theft COVID-18: Ogun mosques resume physical services on a promising note Amazon launches online pharmacy in India Most Nigerian girls in Lebanon entered legally, Lebanese envoy Kwara poly Rector not suspended–Management Otti joins APC, promises to keep fighting to salvage Abia NSE: Turnover rises by 86.97%, other indices down 0.15% ICRC, FRSC to establish safe driving academies France pays tribute to aid workers killed in Niger Police arrest father for alleged incarceration of 30-year-old son Election: Stay to defend your vote, Obaseki tells electorate Federal lawmaker commends Buhari over loan initiative FRSC decries rising spate of car theft in Jos Enugu state govt. demolishes twin duplex for blocking waterway Plateau South Senatorial by-election: PDP urges free, fair poll Ohakim, Obinna, others eulogize late former Imo HoS, Ndugbu COVID-19 worsens unemployment in Q2 – Uwaleke Why we lost 18 patients to COVID-19- UCH CMD Buhari greets Abdul Oroh at 60 Italy commemorates 2 years since Genoa bridge collapse WAEC: Kano Govt explains pardoning of 200 indicted students Virtual arts festival to showcase Nigeria’s rich culture holds Aug 27 Sokoto State Govt. partners UK on ICT development Emir lauds ‘Operation Sahel Sanity’ over return of farming activities in northwest  I joined ZLP to give hope to the masses — Ondo deputy governor