Jiangsu's logistics industry prosperity index hits 55pc in August

THE Jiangsu provincial government has posted the latest logistics industry prosperity index, showing that it went up two points August to 55, indicating that business volume is growing, but with low prices and high costs, profit declines have not been reversed, Xinhua reports.

Jiangsu's August logistics business volume index was 61.3 per cent, up 4.8 percentage points from July. New order index was 52.6 per cent, 2.6 percentage points more than in July. Average inventory index was 57.9 per cent, going 1.9 percentage points up.

However, the province's logistics service price index dropped 1.4 per cent month on month to 46.62 per cent. This was the index's fall for the third month in a row. Core business profit index fell 0.5 percentage points to 51.13 per cent. Capital turnover shrank 0.8 per cent to 50.4 per cent. Core business cost was 67.7 per cent, though dropped 0.6 per cent over July, the pressure of cost remained heavy.

Logistics fixed asset investment climbed 0.5 per cent to 54.5 per cent. In the latest three months, this index had kept an increase of 55 per cent. Facility utilisation index was 56.8 per cent, 0.3 per cent more than in July.