Thursday, September 18, 2014

CHINA LOGISTICS ACTIVITY

What does this really mean? A warning indicator?

Saturday, 06 September 2014 10:41

China logistics activity growth loses speed

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China logistics activity growth loses speed
The growth of China's logistics activities slowed in August amid downward pressure in the economic recovery, according to the China Federation of Logistics and Purchasing.
The logistics performance index (LPI) for August came in at 54.1 per cent, down 2.7 percentage points from a month earlier. A reading above 50 per cent indicates expansion from the previous month, while a reading below indicates contraction. In breakdown, the index for new orders stood at 54.2 per cent, retreating 1.8 percentage points from that in July.
He Hui, deputy director of the China Logistics Information Center, said the indices showed the economy is stable but there is downward pressure.