The index tracking the development of China’s bulk commodity market edged up in August driven by strengthened policy support and growing confidence in market demand, industry data showed.
The China Bulk Merchandise Index stood at 102.7 percent last month, up 0.4 percentage points compared with that registered in July, according to the China Federation of Logistics and Purchasing.
A reading above 100 indicates expansion, while a reading below 100 reflects contraction.
The sub-index for bulk commodity supply rose 0.8 percentage points from the previous month, bucking the trend of contraction.—APP
