China Federation of Logistics and Purchasing said on June 3 the logistics industry prosperity index rose to 50.3 in May, up 0.6 pts MoM, returning to the expansionary range (>50). Most subindexes improved; business volume, new orders, completed fixed-asset investment and employment were all in expansion. The new orders index was 50.2, marking a third consecutive monthly rise. Main business cost index climbed to 52.6, up 0.3 pts MoM, with firms citing higher fuel and labor costs. The business act

China Federation of Logistics and Purchasing said on June 3 the logistics industry prosperity index rose to 50.3 in May, up 0.6 pts MoM, returning to the expansionary range (>50). Most subindexes improved; business volume, new orders, completed fixed-asset investment and employment were all in expansion. The new orders index was 50.2, marking a third consecutive monthly rise. Main business cost index climbed to 52.6, up 0.3 pts MoM, with firms citing higher fuel and labor costs. The business activity expectations index remained elevated at 55.9, and expectations for rail, road, postal/express and multimodal transport all rose MoM.