The rise in the country’s e-commerce logistics index is a reversal of the trend of contraction that lasted for three consecutive months. Out of the nine major sub-indices measuring e-commerce logistics activities in different fields, eight recorded growth last month. Business volume and rural business sub-indices recorded 2.1 points and 2.6 points growth, respectively, from the previous month, according to a joint survey by the China Federation of Logistics and Purchasing and e-commerce platform JD.com.
China’s e-commerce logistics activities saw a steady recovery in January, as per industry data. This was attributed to the country’s improved anti-COVID response and sharp rise in consumption during the seven-day Spring Festival holiday. The index that tracks e-commerce logistics activities reached 104.6 points, an increase of 1.8 points from last month.
The survey also projected that the index will continue to rise in February 2023 because of the Chinese economy’s evident pick-up and favourable prospects. The data suggests a positive outlook for e-commerce logistics activities in China in the upcoming months, local media reports said.
Overall, the data reveals that China’s e-commerce logistics activities are on the path of recovery after a few months of contraction. The steady growth in the major sub-indices points to a thriving national e-commerce sector. The forecast for further growth in February 2023 indicates that this trend is likely to continue.
Fibre2Fashion News Desk (NB)