China Logistics Prosperity Index Slips to 50.4% in July, Multimodal Transport Index Rises to 54%

China's logistics prosperity index for July was 50.4%, down 0.2 percentage points from the previous month, but it remained in expansion territory overall. Among the sub-indices, the business volume index stood at 50.4%, staying in expansion for a third consecutive month, while the new orders index reached 50.5%, rising for a fifth consecutive month. By sector, the business volume indices for railway transport, road transport, postal express delivery and multimodal transport all stayed in expansion. The multimodal transport business volume index was 54%, up 0.5 percentage points month on month. Localities continued to innovate in multimodal transport solutions, achieving further breakthroughs in water-to-water transshipment, rail-sea intermodal transport, single-bill systems and data interconnection.

From the perspective of service areas, logistics business for industries such as transport equipment, communications electronics, electrical machinery and smart home appliances edged up steadily. During the summer holiday, localities created immersive experience-based consumption scenarios for study tours, parent-child travel, family outings and group travel, linking commerce, tourism, culture and entertainment. This stimulated cross-regional passenger flows, commercial activity and logistics activity. A survey indicated that enterprises reported a month-on-month uptick in logistics orders for outdoor tourism products, local specialties and fresh produce.