China's warehouse storage sector maintained expansion in March, according to the index released by the China Federation of Logistics and Purchasing (CFLP) on Thursday.
In March, China's warehousing index reached 50.8 percent, rising by 0.6 percentage points from the previous month and remaining in the expansion zone for the fifth consecutive month.
Driven by policies aimed at promoting consumption, demand for warehousing services continued to grow steadily, with the consumer goods market performing particularly well. Warehousing demand for food, household appliances, textiles, and daily necessities surged, leading to a significant rise in the new order index.
"The warehouse storage sector has remained in the expansion range for five consecutive months, reflecting the overall stability of the warehousing sector. The demand for warehousing in the livelihood consumption sector continues to strengthen, boosting activity across the entire warehousing sector," said Liu Yuhang, director of the China Logistics Information Center.
In terms of inventory levels, the average inventory turnover index reached 54.5 percent in March, an increase of 8.2 percentage points from the previous month, entering the expansion range. Overall, in the first quarter, the warehousing sector continued to expand, business demand maintained steady growth, and the industry operated smoothly and efficiently.
China's warehousing storage sector maintains expansion in March
China's warehousing storage sector maintains expansion in March
China's warehousing storage sector maintains expansion in March
China's warehousing storage sector maintains expansion in March
