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CHINA PRESS: China Highway Freight Index Up In October

CHINA PRESS

China’s Highway Logistics Freight Index reached 105.1 in October, up 0.6 percentage points from September and 1.2 pp from the same period last year, according to the China Federation of Logistics and Purchasing. Gao Shuai, analyst at China Logistics Information Center, said October’s result showed an improvement in supply and demand, with activity in every province increasing apart from Shandong. Zhou Maohua, macro researcher at Everbright Bank said the index was typically a good forward looking indicator.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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