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CHINA PRESS: China Warehouse Index Reaches 10 Month High

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s Warehousing Index reached 52.5% in January, a 10 month high and up 1.9 percentage points from December, according to the China Federation of Logistics and Purchasing. Yang Biao, deputy general manager of China Reserve Development Co, who contributed to the index, said warehousing activity rose significantly in January driven by holiday consumer demand. The average inventory turnover sub-index reached 53.2%, up 1pp from December, with food, household appliances, agricultural, non-ferrous metals, machinery and equipment sectors higher than 50%, offset by steel and chemical industries which were less than 50%. (Source: Securities Daily)

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China’s Warehousing Index reached 52.5% in January, a 10 month high and up 1.9 percentage points from December, according to the China Federation of Logistics and Purchasing. Yang Biao, deputy general manager of China Reserve Development Co, who contributed to the index, said warehousing activity rose significantly in January driven by holiday consumer demand. The average inventory turnover sub-index reached 53.2%, up 1pp from December, with food, household appliances, agricultural, non-ferrous metals, machinery and equipment sectors higher than 50%, offset by steel and chemical industries which were less than 50%. (Source: Securities Daily)