In August, the development index of the warehouse storage sector was reported to be 52 per cent, experiencing a marginal decrease of 0.2 percentage points compared to the preceding month. Despite this slight dip, the sector remained in the expansion territory, a domain demarcated by any score above the 50 per cent threshold, a figure representing growth, as opposed to scores below it that indicate contraction.
In August 2023, China’s warehouse storage sector marked its seventh month of growth, despite a slight dip to a 52 per cent in development index, according to the China Federation of Logistics and Purchasing and CMST Development Co, Ltd.
Sustained growth owing to effective pro-consumption policies is projected to persist into the subsequent month.
The steady advancement is projected to persist into the subsequent month, hinting at a favourable environment fostered by effective strategies enhancing consumption, said Chinese media reports quoting Wang Yong, the vice president of CMST Development.
Fibre2Fashion News Desk (DP)