China News Service, August 2nd. According to the website of the China Federation of Things on the 2nd, the China Warehousing Index jointly surveyed by China Federation of Logistics and Purchasing and China Reserve Development Co., Ltd. was 53.1% in July 2021, although it fell from the previous month. 0.8 percentage points, but remained at a high level.

Among the sub-indices, the charging price index, business profit index, main business cost index, end-of-period inventory index and business activity expectation index rebounded from the previous month, and the rest of the indexes all declined to varying degrees.

  The ending inventory index in July 2022, composed of 21 categories of commodities, was 52.1%, up 2.1 percentage points from the previous month, reflecting that the overall inventory has increased.

In terms of varieties, among the means of production commodities, the inventories of building materials and machinery and equipment have rebounded significantly from the previous month; among the commodities of living materials, the inventories of food and clothing commodities have rebounded significantly from the previous month.

Picture from China IOT website

  Wang Yong, vice president of China Reserve Development Co., Ltd., believes that in July, although the warehousing index fell slightly from the previous month, it still reached a high level of 53.1%, the second highest point of the year, and all sub-indices remained at the rise and fall. Above the line, it shows that thanks to the continuous implementation of various policies to stabilize growth and ensure smooth logistics, the operation of the warehousing industry has maintained a good recovery trend.

The operating efficiency of the enterprise has improved, the charging price has maintained a slight increase for three consecutive months, the business profit index has reached a new high in a year, and the number of employed persons has continued to increase.

In the later period, with the continuous release of government support policies and the weakening of the impact of the epidemic, economic recovery momentum has increased, market demand has gradually improved, and commodity circulation has become smoother. It is expected that the warehousing industry will maintain a positive momentum.

  Business volume increased slightly.

In July, the business volume index was 51.9%, down 4.6 percentage points from the previous month, but still running above the line of prosperity and decline, indicating that the business volume still increased slightly.

In terms of varieties, living materials products performed better, especially the business volume of clothing and home appliances rebounded significantly.

  Charge prices go up.

In July, the toll price index was 51.0%, up 0.5 percentage points from the previous month, reflecting a slight increase in warehouse rents.

  Operating efficiency has improved.

In July, the business profit index was 54.9%, an increase of 4.4 percentage points from the previous month, reaching a new high in a year, indicating that the operating efficiency of enterprises has improved.

  From the perspective of the later trend, in July, the business activity expectation index ran at a high level, reaching 57.9%, an increase of 2.9 percentage points from the previous month and the second highest point in the year.

The meeting of the Political Bureau of the Central Committee on July 28 clarified the main tone of making progress while maintaining stability in the second half of the year, and proposed to actively expand demand and deepen reform and opening up to enhance economic development momentum. With the gradual implementation of policies in the second half of the year, the economy will be better maintained at a reasonable operating range.

Coupled with the further deepening of the measures to ensure smooth logistics and the fading of short-term unfavorable factors, the circulation of commodities tends to be smooth, and the warehousing industry is expected to maintain a positive momentum.

(Zhongxin Finance)