August CTSI freight index fell slightly, double clearance to the door

September 14, the Ministry of Transport Science and Research Institute 14 released the China Transport Production Index (CTSI) shows that the CTSI freight index in August showed a slight decline.

In August 2022, China Transportation Production Index (CTSI) was 155.7 points, an increase of 3.4% year-on-year. By structure, the CTSI freight index was 191.9 points, down 2.4% year-on-year, while the CTSI passenger index was 86.5 points, up 38.1% year-on-year.

 Zhou Jian, deputy director of the Information Center of the Ministry of Transport Scientific Research Institute, believes that, affected by the rebound of the epidemic, demand is not strong and other factors, the CTSI index in August, although an increase of 3.4% year-on-year, but the ring has fallen compared to July. Among them, the CTSI freight index from the July growth of 0.7% to a decline of 2.4%, indicating that the epidemic on freight and other productive services brought a certain impact on the continued recovery of freight momentum has brought a certain degree of disturbance; CTSI passenger index to achieve faster year-on-year growth, mainly due to the impact of the low base of the same period last year.

China Transport Production Index (CTSI) is a weighted composite of railroad, highway, waterway and civil aviation passenger and freight volumes as the basic indicators, reflecting the overall operation of the transportation industry. The index consists of a comprehensive index and two sub-indices of passenger and freight traffic.