Data released by the China Federation of Logistics and Purchasing on November 2 showed that China’s logistics industry prosperity index was 52.9% in October 2023, down 0.6 percentage points from the previous month. The total business volume index pulled back slightly, but continued to remain in the expansion range.
In terms of industries, the total business volume index of railway transportation, air transportation, warehousing logistics, postal express delivery and other businesses are all in the prosperous range. Among them, the total business volume index of the road transportation industry has been at a good level of above 52% for many consecutive months. The demand for bulk material transportation There was a boost, and the total business volume index of the railway transportation industry was 52.6%, an increase of 0.5 percentage points month-on-month. Driven by the growth of fresh product shopping and e-commerce online shopping, air logistics and e-commerce express logistics have a good momentum of development. The total business volume index of the air transportation industry is 53.9%, and the total business volume index of the postal express industry is 65.2%, both of which are at a relatively high level. High prosperity range.
Both the new orders index and the expectations index are in expansionary territory. In October, the new orders index was 52.8%, down 0.5 percentage points from the previous month. Although the average value fell slightly, the new order index of the railway transportation industry, road transportation industry, air transportation industry, and postal express delivery industry were all above the industry average. Among them, the new order index of the road transportation industry was 53%, an increase of 0.9 percentage points month-on-month. In terms of business activity expectations, the business activity expectation index in most logistics fields is above 55%.
In addition, the main business profit rate index of enterprises in October was unchanged from the previous month, and the main business profit rate index of small enterprises and micro enterprises rose by 0.3 and 0.5 percentage points respectively. In terms of industries, the main business profit rate index of road transportation and postal express increased by 2 and 0.7 percentage points respectively. The main business profit rate index of air transportation, pipeline transportation, warehousing, multimodal transport and other industries remained at Expansion range.
He Hui, chief economist of the China Federation of Logistics and Purchasing, said that the logistics industry prosperity index fell slightly in October from the previous month, but logistics industry activities still maintain an expansion trend. Among them, the total business volume index and the new order index are both in the expansion range. The three major regions show balanced growth, and logistics activities in each region still maintain good activity. In the later period, the macro economy will be resilient, the endogenous driving force for economic growth will be steadily released, and logistics operations will have a stable foundation.
“On the one hand, it is the continued driving force of residents’ consumption. On the other hand, the introduction of a number of policies to stabilize investment and stabilize expectations has promoted the gradual recovery of demand in the upstream and downstream of the supply chain.” said Hu Hao, director of the Logistics Statistics Division of the China Logistics Information Center.
(Source of article: Economic Information Daily)
Source of article: Economic Information Daily
Original title: The logistics industry prosperity index in October was 52.9%, and logistics activities remained relatively active.
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2023-11-02 17:45:20
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