China’s May Logistics Business Volume Falls to 55.2

Following is a table of China’s logistics prosperity index (LPI) in May released by the Beijing-based China Federation of Logistics & Purchasing (CFLP).

The LPI is based on data compiled from monthly replies to questionnaires sent to over 300 logistics enterprises in 8 industries. It is an indicator about economic and business conditions in China.

==============================================================================
                          May  April  March   Feb.   Jan.   Dec.   Nov.   Oct.
                         2014   2014   2014   2014   2014   2013   2013   2013
==============================================================================
                         ----------------------- Index -----------------------
LPI                       n/a    n/a   53.0   51.9   51.5   52.4   53.0   53.6
 New Orders              53.7   55.4   53.0   52.2   51.8   52.5   52.2   52.8
 Business Volume         55.2   57.7   55.8   55.5   55.2   55.7   57.0   57.8
 Inventory Turnover      50.1   49.4   53.0   52.8   52.3   51.6   51.5   51.2
 Capacity Utilization    53.4   55.4   51.9   50.4   50.0   50.1   51.0   52.9
 Cash Flow               50.8   47.6   52.7   52.4   52.3   50.3   53.6   54.0
 Services Charges        49.2   49.5   52.7   52.5   52.1   50.3   51.4   51.3
==============================================================================
                          May  April  March   Feb.   Jan.   Dec.   Nov.   Oct.
                         2014   2014   2014   2014   2014   2013   2013   2013
==============================================================================
                         ----------------------- Index -----------------------
 Operating Cost          55.6   55.6   58.5   58.8   60.2   59.4   58.1   58.0
 Operating Profit        49.5   52.1   52.0   51.7   52.1   50.3   50.1   50.1
 Employment              51.0   51.2   50.1   47.8   47.0   50.0   51.5   51.3
 Business Expectations   57.4   61.7   63.1   55.5   49.4   53.4   54.8   54.9
                         ------------ Month-on-month level change ------------
LPI                       n/a    n/a    1.1    0.4   -0.9   -0.6   -0.6    0.3
 New Orders              -1.7    2.4    0.8    0.4   -0.7    0.3   -0.6   -0.3
 Business Volume         -2.5    1.9    0.3    0.3   -0.5   -1.3   -0.8    0.1
 Inventory Turnover       0.7   -3.6    0.2    0.5    0.7    0.1    0.3    0.2
 Capacity Utilization    -2.0    3.5    1.5    0.4   -0.1   -0.9   -1.9    1.9
 Cash Flow                3.2   -5.1    0.3    0.1    2.0   -3.3   -0.4    0.3
 Services Charges        -0.3   -3.2    0.2    0.4    1.8   -1.1    0.1    0.0
 Operating Cost           0.0   -2.9   -0.3   -1.4    0.8    1.3    0.1   -0.8
 Operating Profit        -2.6    0.1    0.3   -0.4    1.8    0.2    0.0   -1.5
 Employment              -0.2    1.1    2.3    0.8   -3.0   -1.5    0.2    0.1
 Business Expectations   -4.3   -1.4    7.6    6.1   -4.0   -1.4   -0.1   -2.4
==============================================================================

Note 1: LPI is a composite index based on diffusion indices for five major

components with the following weightings: new orders (30%),

business volume (25%), employment (20%), capacity utilization

(15%), and inventory turnover (10%). Note 2: An index reading above 50 shows expansion in logistic activities

while below 50 suggests contraction. Note 3: Fung Business Intelligence Centre is responsible for drafting

and disseminating the English LPI report for CFLP. Note 4: The "composite index" of the LPI is no longer an indicator for the

overall performance of the logistics sector. Business volume index

will be used as the overall indicator instead.

Source: China Federation of Logistics and Purchasing

Fung Business Intelligence Centre

To contact the reporter on this story: Ailing Tan in Singapore at atan193@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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