China’s mass consumption goods index reaches 103.6 per cent in September
An index value above 100 per cent indicates an increase in market activity
China’s mass consumption goods index, which reflects market activity, rose by nearly a per cent in September to 103.6 per cent of the previous month. This is the maximum since August 2020. Such data were presented in the Chinese Federation of logistics and procurement.
The value of the index above 100 per cent indicates an increase in activity in the market, below – its decline. The federation highlighted the stable growth of supply of goods in the domestic market and good demand for them, as well as the preservation of stable dynamics in commodity markets, as reported by
CGTN, a partner of TV BRICS.
“The improvement in the overall situation of consumer goods indicates that China’s economy is gradually recovering, the market is reviving and overall economic activity is increasing,” said Liu Yuhang, head of the China Logistics Information Centre.