The China Federation of Logistics and Purchasing announced today (2nd) the China Logistics Industry Prosperity Index for January. Data show that logistics business activity slowed down in January, but still continued the stabilizing trend since the fourth quarter of last year. Among them, e-commerce logistics business has grown rapidly, and aviation logistics has seen steady growth.
China's logistics industry prosperity index in January was 52.7%, down 0.8 percentage points from the previous month. Judging from the continuous changes in relevant indicators, the growth momentum before the holiday has slowed down.
Liu Yuhang, director of the China Logistics Information Center: Since January, heavy snowfall has occurred in some areas, which has suppressed logistics demand. However, from the perspective of logistics operations, especially corporate business activities and upstream, some demand has increased as the Spring Festival approaches. It has driven the entire logistics to a state of continuous stabilization.
From the perspective of sub-indexes, the new order index, inventory turnover index, equipment utilization index, and business activity expectation index are all above 51%.
In addition, there is a strong demand for residents’ travel and New Year’s goods preparation before the holiday, and the e-commerce logistics business is growing rapidly. In January, the total business volume index of the postal express industry was 68.7%, an increase of 0.1 percentage points from the previous month. The surveyed companies reported that orders for local New Year specialties, agricultural and sideline foods, cosmetics, etc. increased by between 30% and 40%.
The demand for road trunk lines and railway logistics has also achieved steady growth. The total business volume index of the road transportation industry in January was 52.9%, an increase of 0.2 percentage points from the previous month. The total business volume index of the railway transportation industry has been above 52% for five consecutive months. In January, bellyhold capacity and cargo aircraft capacity were sufficient, and aviation logistics business increased steadily. The total business volume index of the air transport industry was 53.9%, an increase of 0.4 percentage points month-on-month.
Liu Yuhang, Director of China Logistics Information Center: Generally speaking, in January, the logistics industry prosperity index remained within a prosperous range. Our entire logistics industry’s confidence in logistics operations, as well as the overall business operating conditions, are still in a relatively good state.
The overall operation of the industry is stable and consumer goods perform well.
The China Federation of Logistics and Purchasing also announced the China Warehousing Index for January today. Judging from the changes in data, the warehousing industry as a whole maintains a good operating situation and achieves a smooth start. In terms of categories, demand for bulk commodity business declined, while consumer goods warehousing business activities became more active.
China's warehousing index in January was 51.2%, down 0.4 percentage points from the previous month and still within the expansion range. Judging from the business volume, the overall warehousing business volume still maintains a growth trend. Affected by weather and holiday factors, the trends of different categories have diverged. The bulk commodity business is greatly affected by the traditional off-season, especially in industries such as steel and building materials. The overall demand for warehousing links has declined, and business activities have slowed down significantly. On the other hand, driven by the dual drive of pre-holiday stocking and holiday consumption, consumer goods warehousing business activities have become more active, playing a stabilizing role in the overall smooth operation of the industry.
Liu Yuhang, Director of China Logistics Information Center: As the holidays approach, the logistics demand surrounding the consumer goods sector is growing, which has led to an increase in the activity of the entire warehousing operation. The equipment utilization rate of the entire warehousing is still at a relatively high level, indicating that the activity rate of warehousing operations in the logistics industry and the status of the entire warehousing operation are still in a relatively good condition.
In addition, in January, the business activity expectation index of the warehousing industry was 53%, an increase of 1.4 percentage points from the previous month, and continued to rise in the expansion range, indicating that companies maintain relatively optimistic expectations for the market outlook.
(CCTV reporter Wang Shantao)