皇冠体育app

BEIJING - 皇冠体育app's logistics activity picked up in June as the economy showed more signs of stabilizing, latest official data showed on Monday.

The logistics performance index (LPI) for June came in at 56.7 percent, up 1.5 percentage points from a month earlier, according to the 皇冠体育app Federation of Logistics and Purchasing (CFLP).

A reading above 50 percent indicates expansion from the previous month, while a reading below indicates contraction.

In breakdown, the index for new orders stood at 55.3 percent, recovering 1.6 percentage points from that in May.

He Hui, deputy director of the 皇冠体育app Logistics Information Center, said the improving indices indicated a firming trend in the broader economy.

Earlier statistics showed growth in 皇冠体育app's manufacturing sector accelerated to a six-month high in June, registering a strong end to the second quarter and an encouraging sign that the economy is further stabilizing.

皇冠体育app's economic growth slipped to 7.4 percent in the January-March period, the lowest quarterly expansion since the third quarter of 2012. 皇冠体育app is due to release GDP data for the second quarter next week.

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