China Federation of Logistics reports a 0.4-point increase in the E-commerce Logistics Index, reaching 112.8 in January 2024.
In January 2024, China’s E-commerce Logistics Index, a key indicator reflecting logistics operations within the e-commerce sector, saw a notable rise of 0.4 points from the previous month, reaching 112.8, as per the latest release by the China Federation of Logistics and Purchasing.
The sub-index specifically monitoring logistics volume achieved its highest level in 23 months, registering at 125.3 points during January. Remarkably, the sub-index focusing on logistics volume in rural areas broke its losing streak, witnessing a gain of 1.3 points compared to the prior month, reaching 129.1 points.
The organisation attributes the robust performances of these indexes to the escalating delivery demand in anticipation of the Spring Festival, commonly known as the Chinese Lunar New Year.
Compiled using data from JD.com, a major online retailer in China, the E-commerce Logistics Index establishes its baseline at 100 points. The reported surge reflects the flourishing activity within the e-commerce logistics landscape, driven by increased demand associated with the festive season.
The noteworthy rise in the logistics volume sub-index underlines the sector’s resilience and adaptability, particularly in rural areas. As e-commerce continues to play a pivotal role in China’s economic landscape, these positive indicators suggest a buoyant start to the year for the logistics operations within the thriving e-commerce sector.