THE latest figures posted by the China Federation of Logistics and Purchasing (CFLP) show that the China's Logistics Prosperity Index (LPI) climbed 1.1 percentage points to 53 per cent in March compared to February, indicating a positive trend of steady growth, reports Xinhua.

The business volume index in the month was up 0.3 percentage point from last month to 55.8 per cent, reflecting that logistics activities are becoming more active after Chinese Spring Festival.

Employee index and facility utilisation rate index both increased. The former went up 2.3 to 50.1 per cent, while the latter increased 1.5 to 51.9 per cent.

Inventory turnover index rose 0.2 to 53 per cent with the average inventory index maintaining above 50 per cent to 51.7 per cent.

Logistics service price index picked up 0.2 percentage point to 52.7 per cent, while the core business cost index slipped 0.3 to 58.5 per cent, which brought 0.3 percentage point gain in core business profit index to 52 per cent.

New order index climbed 0.8 percentage point to 53 per cent. The business expectation index went up 7.6 to 63.1 per cent, showing that the logistics industry in the latter part of the year will continue to go on an upward trend steadily.

Experts noted that the LPI and its major sub-indices all maintained upward trend, meaning that the logistics industry has entered steady growth period as the approach of China's production and construction peak season.