The index tracking the sector's development went down 2.7 percentage points over the previous month to reach 50.8 percent in August, according to the China Federation of Logistics and Purchasing (CFLP).
A reading above 50 percent indicates expansion, while one below that reflects contraction. The index has stayed above the boom-or-bust line for six consecutive months.
The business volume index was at 49.2 percent in August, 3.7 percentage points lower than the previous month, while the sub-index tracking business costs stood at 51.5 percent in August, up 0.1 percentage points from the previous month, according to the CFLP.
As sub-indexes for new orders and business activity expectations remain in the expansion territory, analysts believe enterprises are still confident about the short-term business demand and the development of the storage industry will still maintain a sound momentum in the future.
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