China's bulk commodity market shows growth expansion
Source: Xinhua | 2021-03-07
China's bulk commodity market reported growth expansion in February compared with the previous month, industrial data showed.
The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 101.7 percent last month, up 0.6 percentage points, according to the China Federation of Logistics and Purchasing.
The sub-index for bulk commodity supply rose to a four-month high of 103.4 percent, while that for inventory stood at 103.7 percent, up 1.5 percentage points from a month earlier.
The sub-index for bulk commodity sales decreased to 99.4 percent.
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