The China Federation of Logistics and Purchasing announced today (28th) the logistics operation data from January to October this year. The data shows that in October, the growth rate of total logistics volume stabilized and rebounded, the structural upgrading of logistics demand continued to advance, the logistics demand showed a recovery trend, and the demand for new kinetic energy and new business formats played a significant role.

From January to October, the total amount of social logistics in the country was 1.10 trillion yuan, a year-on-year increase of 278.3%, and the growth rate was 4.9 percentage points higher than that from January to September. The growth rate in October was 1.9 percent, up 0.1 percentage points from September. Judging from the recent trend, the growth rate of total social logistics is picking up month by month.

From the perspective of demand, the trend of structural upgrading is obvious. In the industrial logistics sub-industry, more than seventy percent of the total logistics volume of the industry has grown, and the growth area has further expanded compared with September. In particular, basic fields such as equipment manufacturing continue to play a supporting role, and the recovery momentum of industrial logistics has been strongly consolidated. In October, the total amount of equipment manufacturing logistics increased by 9.10% year-on-year, 6.2 percentage points faster than the previous month, rebounding for three consecutive months, contributing more than 0% to the total logistics of all industrial products.

From the perspective of consumption, with the full recovery of offline consumption scenarios, the demand for consumer logistics such as catering, accommodation, and retail continues to rebound. In October, the national catering-related logistics demand increased by more than 10% year-on-year, and the growth rate was 17.9 percentage points faster than that in September, accelerating for two consecutive months.

In addition, the coordinated development of new formats and new kinetic energy logistics has led to the emergence of a driving role. Driven by the rapid growth of e-commerce live shopping, from January to October, the national online retail sales of physical goods increased by 1.10% year-on-year, accounting for 8.4 percentage points of the total retail sales of consumer goods. Driven by the new business format, the related logistics demand for smart consumer goods has expanded simultaneously, driving the logistics demand for intelligent vehicle equipment manufacturing and intelligent unmanned aerial vehicle manufacturing to increase by more than 0%.

(CCTV reporter Wang Shantao)