China’s logistics activities ease in July

China’s logistics activities eased in July partly due to the rain and the hot summer weather.

The index tracking the country’s logistics market performance stood at 48.6 percent in July, down 3.5 percentage points from June, according to the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while a reading below reflects contraction.

The federation attributed the slight contraction of logistics activities to the hot and rainy season and COVID-19 outbreaks in some regions.

In July, the sub-index for fixed-asset completion volume rose 1.1 percentage points over June, marking a continuous climb for three months.

A survey of the logistics firms showed that the optimism for continuous market growth remained relatively strong, with the sub-index staying above 53 percent for a third straight month.