China's e-commerce logistics index, which measures logistics operations within the e-commerce sector, reached 115 points in October, an increase of 0.6 points from September, according to data released Monday by the China Federation of Logistics and Purchasing (CFLP).
Experts said that the e-commerce logistics index in October thrived due to strong online shopping driven by sales promotions from major e-commerce platforms and the ongoing trade-in program for home appliances.
The sub-index for the sector's total business volume rose by 2.5 points from the previous month to 133.7 points, marking a new five-year high, according to data from the CFLP.
Regionally, the northeastern region saw the largest increase in its total business volume index.
"China's e-commerce logistics index showed a slight rebound in October, and the demand for e-commerce logistics has also steadily recovered as online consumption was boosted by large-scale equipment upgrades, trade-ins of consumer goods, as well as increased subsidies for consumer goods such as home appliances, clothing, and daily consumables," explained Liu Yuhang, director of the China Logistics Information Center.
In October alone, the inventory turnover rate index rose by 0.8 points from the previous month, driven by an increase in business volume.
Given the sales promotions launched by numerous e-commerce platforms for the annual 'Double 11' online shopping spree on Nov. 11, analysts predict that the e-commerce logistics index will continue to rise in November.
China's e-commerce logistics index up in October
China's e-commerce logistics index up in October
China's e-commerce logistics index up in October
