China's logistics industry index falls 0.6 month-on-month to 51.8 in May, maintaining expansionary phase - Chinese report

On the 3rd, the China Logistics Purchasing Federation announced China's logistics industry economic index for May. Although the index for May fell slightly from the previous month, it maintained an expansionary zone overall, with some areas showing clear signs of slowing.
The logistics industry index for China in May was 51.8, down 0.6 points from the previous month. By item, the total business volume index, new orders index, inventory turnover index, and capital
All important indicators, such as the turnover rate index, were within the expansion zone. In particular, the total business volume index has maintained a favorable trend for several months.
By industry, the demand for logistics related to increased personal consumption is on the rise.
The total business volume index for the postal and parcel delivery industry in May increased 1 point year-on-year to 70.3, and the total business volume index for the road transport industry increased 0.2 points year-on-year to 52.5.
In addition, the maritime and air transport industries continue to show signs of recovery. The total business volume index for the maritime transport industry in May increased by 1.3 points compared to the same period last year.
The total business volume index for the air transport industry has remained at a high level of around 55.