China's logistics industry prosperity index continues to rise and expansion accelerates

CCTV News (News Network): The China Federation of Logistics and Purchasing recently announced the China Logistics Industry Prosperity Index in August. The index continues to be in the expansion range, and the expansion is accelerating, and the prosperity level of my country's logistics industry has further improved.

In August, China's logistics industry prosperity index was 50.9%, an increase of 0.5 percentage points from the previous month. Among the 12 sub-indices, 8 rebounded from the previous month, and the three indices of total business volume, new orders, and employees have all been in the expansion range for many consecutive months.

Looking at different regions, the total business volume index in the eastern, central and western regions rebounded relatively evenly, reflecting the enhanced regional linkage of logistics activities in the real economy and the improvement of upstream and downstream synergy in the supply chain.

As the prosperity level of the manufacturing industry has improved significantly, the logistics demand of industries such as electrical machinery manufacturing, pharmaceutical manufacturing, automobile and parts manufacturing, and electronic component manufacturing has increased compared with the previous month. Consumer logistics maintains strong development momentum. Driven by summer consumption, combined with the back-to-school season and the "old-for-new" policy, demand for 3C electronics, home furnishings, cultural supplies, etc. has increased significantly. On the e-commerce platforms under investigation, the order volume in categories such as smart learning, featured cultural and creative products, culture, sports and education increased by more than 10% month-on-month.

Entering the second half of the year, the guiding effect of policy signals was obvious. Logistics fixed asset investment and market expectations both showed positive changes. In August, the relevant indexes remained in the expansion range.