China News Service, Beijing, September 2nd. The China Federation of Logistics and Purchasing released data on the 2nd, showing that China's warehousing index in August was 50.8%, an increase of 1.7 percentage points from the previous month.
According to the analysis, in August, the storage index returned to above the prosperity and decline line, and all sub-indices rebounded to varying degrees from the previous month, indicating that the industry has recovered and the downward pressure in the previous period has been eased.
The August 2021 ending inventory index, which is composed of 21 categories of commodities, was 49.5%, an increase of 1.2 percentage points from the previous month, reflecting the continued decline in inventory levels and the narrowing of the decline.
In terms of categories, among the means of production goods, the inventory of steel, non-ferrous metals, and chemical products decreased significantly compared with the previous month; among the commodities of subsistence, the inventory of household appliances dropped significantly compared with the previous month.
Wang Yong, assistant to the president of China Reserve Development Co., Ltd., believes that in August, the storage index returned to above the line of prosperity and decline, and all sub-indices rebounded to varying degrees from the previous month, indicating that the industry has recovered and the downward pressure in the previous period has been eased.
From the perspective of market conditions, in August, especially since mid to late August, with the reduction of extreme weather such as typhoons and the gradual control of the epidemic, the demand for warehousing business has been significantly boosted, the efficiency of cargo turnover has been significantly accelerated, and the inventory level has declined.
The analysis believes that it is worth noting that although business volume has increased significantly, business profits are still declining, cost expenditures remain high, and measures to reduce costs and increase efficiency still need to be further implemented.
In the later stage, the business activity expectation index continued to rebound and remained in the high-prosperity range, indicating that companies have sufficient confidence in future business growth, and the storage industry is expected to maintain a steady and positive development trend.
Looking at the later trend, in August, the business activity expectation index was 58.7%, an increase of 1.3 percentage points from the previous month, and it was still in the high-prosperity range; the new order index was 50.5%, which stopped falling and returned to the expansion range.
The index shows that market expectations are still relatively optimistic, and companies have sufficient confidence in future business growth.
(over)