Logistics sector sees robust expansion

China saw active logistics activities in November due to growing market demand, industrial data showed. The Logistics Performance Index stood at 58.9 percent for last month, increasing 4.7 percentage points from October, the highest level so far this year, according to the China Federation of Logistics and Purchasing. A reading above 50 percent indicates expansion, while one below 50 percent reflects contraction. The federation attributed strong logistics growth to a warming global trade environment and a robust e-commerce market.

The cargo volume at southwestern China’s Tianpeng port, located on the border of Yunnan province and Vietnam, totaled 63,095 metric tons in the first three quarters of 2019, up 22.86 percent year-on-year. From January to September, trade value at the port amounted to $46.77 million, expanding 19.71 percent year-onyear. Border authorities recorded a total of 120,302 inbound and outbound visits in the first nine months, a year-on-year increase of 4.67 percent, according to the port’s administrative office. impact of input costs, said the company statement to the Bombay Stock Exchange, on Tuesday. It has become imperative for the company to pass on some impact of the additional cost to customers through a price increase across various models in January 2020, the statement said. Indian automobile sector has been going through low demand during the current fiscal year with slight revival seen during the festive season in October. revealed that over the year, the rate of growth Down Under remains well below the long run average at just 1.7 percent. While net exports, mainly from the mining sector, accounted for 0.2 percent to the overall growth rate, government spending on services such as disability, health and aged care was by far the largest contributor domestically.