China inventory index reaches 51 in June, eighth consecutive month above 50 - Chinese media

On the 3rd, the China Logistics Purchasing Federation released China's inventory index, which continued to maintain an expansionary zone, indicating that the warehousing industry is operating well.
China's inventory index rose 0.5 points from the previous month to 51 in June. It has been at 50 for eight consecutive months, the dividing line between economic expansion and contraction.
By item, the new orders index rose 0.7 points to 51.6, a slight increase within the expansion range. Demand for warehousing operations expanded, and the volume of new orders continued to increase.
By product type, the increase in demand for warehouse operations for consumer goods was notable, with new orders indices for food, home appliances, agricultural products, etc. showing particularly high growth.
With the continued increase in demand for warehouse services, the company's overall profits have also recovered. The business profit index is now at 5.
The index returned to an expansionary zone for the first time in months, and the overall business situation of companies improved from the previous quarter. Overall, China's inventory index has maintained an expansionary zone in the first half of this year. The index of new orders has risen for six consecutive months.
Overall business demand grew steadily, and the Business Activity Expectations Index remained at a relatively high level.