China's logistics industry prosperity index has been in the expansion range for six consecutive months

China News Service, Beijing, November 3 (Reporter Ruan Yulin) Data released by the China Federation of Logistics and Purchasing on the 3rd showed that in October, the prosperity index of China's logistics industry was 51.2%, down 0.3 percentage points from the previous month.

In October, China's logistics industry prosperity index maintained expansion. Among them, the total business volume index, new orders index, average inventory index, capital turnover rate index, logistics service price index, fixed asset investment completion index, employee index and business activity expectation index are in the boom range; new orders index, main business profit index, capital turnover rate index, fixed asset investment completion index and employee index have rebounded month-on-month.

Liu Yuhang, chief engineer of the China Federation of Logistics and Purchasing, believes that China's logistics industry prosperity index has been in the expansion range for six consecutive months, and the total business volume index has continued to expand. The new orders index has rebounded by 0.3 percentage points again based on last month, and has increased by 0.7 percentage points in two months. Multiple sets of data reflect that the stable foundation is being consolidated, and good signs are emerging. Consumer logistics and industrial logistics are forming a synergy in demand in October. The long National Day and Mid-Autumn Festival holiday has released a large amount of offline service consumption and travel consumption. Bulk energy, smart equipment, new energy vehicles, etc. in industrial logistics have driven business demand growth.

In October, the fixed asset investment completion index was 55.4%, maintaining an expansion trend. The corporate business activity expectation index is 55.3%, which has been in the high-prosperity range above 54% for three consecutive months, reflecting that companies maintain optimistic expectations for the end of the year. Analysts believe that overall, China's logistics industry prosperity index maintained an expansion trend in October, new orders have picked up, market expectations are positive, and the logistics industry is expected to maintain a steady development trend throughout the year.