China Confidential’s MoM Freight Volume Index, compiled from a the survey of 217 logistics companies across the country, jumped to 62.2 in January 2013, up from 49.0 in December 2012, helped somewhat by the approach of Chinese New Year and by strong shipments of major cargoes such as industrial materials and energy products. China Confidential’s YoY Freight Volume Index also reached 47.0, the highest in 18 months.
Controversial plans to levy a tax on express delivery companies could have a negative impact on China’s fast-growing logistics and online retail sectors
China Confidential’s Freight Volume Index fell slightly on a MoM basis in early December, due in part to seasonal factors, but remained broadly stable, as an increase in rail freight volumes was cancelled out by a decrease in road freight
China Confidential’s Freight Volume Index rose on a MoM basis but fell slightly on a YoY basis during the first three weeks of November, suggesting an overall stabilization of economic activity following a slowdown in October due to the Golden Week national holiday.
China has a long way to go in terms of housing and infrastructure provision, suggesting that investment still has an important part to play in the economy.
Having benefited from the rise of e-commerce over the past decade, China’s largest express-delivery firm has now launched its own online shopping site.
Mounting evidence shows a gentle rebound in October growth.
Logistics companies across China expect a significant rise in freight volumes – a proxy for manufacturing output – in coming months, according to 204 companies surveyed by China Confidential during the first three weeks of October.
China Confidential's Freight Volume Index registered a slight slowdown in October as the national “Golden Week” holiday that lasted from September 30 to October 7 affected comparisons on a MoM basis.
China’s freight volume, a proxy for manufacturing activity, picked up somewhat both on a month-on-month and year-on-year basis during the first three weeks of September, according to China Confidential’s survey of 210 logistics carriers. We think the uptick, which is at least partly seasonal, reinforces a trend toward stabilisation in the economy.
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