Saturday, 06 September 2014 10:41
China logistics activity growth loses speedWritten by SCA Editorial Team
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.