China News Service, April 2. According to the website of the China Federation of Logistics and Purchasing, the China Warehousing Index jointly surveyed by the China Federation of Logistics and Purchasing and China Storage Development Co., Ltd. was 52.6% in March 2024, an increase from the previous month. 8.1 percentage points. From the perspective of sub-indexes, compared with the previous month, the new orders index, facility utilization index, business profit index, main business cost index, ending inventory index, and average inventory turnover index increased by between 7.6 and 13.6 percentage points. time; the business activity expectation index fell by 4.7 percentage points.
Wang Yong, vice president of China Storage Development Co., Ltd., believes that the warehousing index rebounded sharply to the expansion range in March, and major indices such as new orders, facility utilization, ending inventory and average inventory turnover times all rebounded significantly, showing that after the Spring Festival holiday, , against the background of the overall recovery of the domestic macro-economy, warehousing business activities have been significantly active, commodity turnover efficiency has accelerated significantly, corporate expectations have improved, enthusiasm for stocking has increased, and ending inventory levels have increased. Especially in the bulk commodity market, as the weather warms up and the peak season for production and construction arrives, companies in various places have begun to resume operations, releasing demand and expanding production activities, driving a significant increase in warehousing business volume. Since the beginning of the year, a number of policies to stabilize growth and boost confidence have been gradually implemented, and the results are beginning to show. In the future, the operation of the warehousing industry will further maintain its recovery.
The new orders index was 53.1%, an increase of 11.2 percentage points from the previous month. In terms of categories, the new order index for steel, non-ferrous metals, chemical products, building materials, agricultural and sideline products, cotton and linen, medicine and other categories is higher than 50%, while the new order index for clothing, home appliances, daily necessities and other categories is lower than 50%.
The facility utilization index was 54.2%, an increase of 8.3 percentage points from the previous month. In terms of categories, the facility utilization index of steel, non-ferrous metals, building materials, food, cotton and linen and other categories is higher than 50%, while the facility utilization index of mineral products, home appliances and other categories is lower than 50%.
The ending inventory index was 52.9%, an increase of 7.6 percentage points from the previous month. In terms of categories, the ending inventory index of steel, non-ferrous metals, food, clothing, textiles and other categories is higher than 50%, while the ending inventory index of home appliances, daily necessities and other categories is lower than 50%.
The average inventory turnover index was 55.8%, an increase of 13.6 percentage points from the previous month. In terms of categories, the average inventory turnover index of steel, non-ferrous metals, chemical products, building materials, medicine and other categories is higher than 50%, while the average inventory turnover index of mineral products, home appliances and other categories is lower than 50%.
The business profit price index was 54.2%, an increase of 11 percentage points from the previous month. The main business cost index was 54.6%, an increase of 7.6 percentage points from the previous month. The business activity expectation index was 53.5%, a decrease of 4.7 percentage points from the previous month.