(Yicai Global) Oct. 9 -- China's Logistics Prosperity Index (LPI) for last month increased slightly from August, suggesting the country's logistics industry continued its economic expansion under strong market demand.
The LPI was at 54.3 last month, while the E-Logistics Index (ELI) annual figure was 123.6 points, indicating continued activity in the sector, the China Federation of Logistics & Purchasing said today. China's logistics market saw increased orders, robust demand and improved infrastructure.
China's logistic up and downstream companies proposed last month, shown in the market rebound of the LPI and the overall upswing in rail, road and water transport and warehousing, said Ren Hehui, deputy director of China Logistics Information Center. Judging by the rise in orders and infrastructure improvements, logistics will continue to improve, he added.
The LPI is an indicator of overall changes in China's logistics economic development, with the 50 percent mark being the dividing line between expansion and contraction.
China's ELI is an overall assessment indicator that reflects the operation status and change tendency of e-logistics. The index comprises ten indicators, including overall business volume, rural business volume, inventory turnover and logistic punctuality.