Shanghai Industrial Market Report Q2 2020

The logistics sector is on a path of recovery.

In Q2, Shanghai industrial market recovered due to the continuous release of market demand. The China’s manufacturing Purchasing Managers Index (PMI) in June reached 50.9%, up 0.3 percentage point compared with the previous month, which has remained above 50% for four consecutive months.

Driven by a batch of key investment projects, Shanghai’s manufacturing investment increased by 20.1% YoY. In the first half of 2020, the industrial production recovered rapidly with the gross industrial output value of strategic emerging industries in Shanghai increased by 5.5% YoY to RMB597.618 billion, showing a clear growth momentum.