The logistics industry climate index rose to 49.3% in May: the logistics operation remained resilient in general, and local areas rebounded significantly – Xinhua English.news.cn

China Federation of Logistics and Purchasing released today: China’s logistics industry prosperity index in May 2022 was 49.3%, up 5.5 percentage points from the previous month. Among the sub-indices, the total business index, inventory turnover index, equipment utilization index and new order index rebounded significantly. From the perspective of different regions, the logistics boom in the eastern region has increased significantly, which has formed a good support for the overall index and is conducive to the stable recovery of national logistics operations. The index rebounded significantly in May, showing that my country’s logistics and supply chain operations have maintained strong resilience based on the normalization of epidemic prevention and control.

The business volume index rebounded, and the eastern region tended to improve. With the accelerated implementation of policies and measures to ensure smooth logistics, the convenience of logistics has been significantly improved, and the business volume has maintained a growth trend, which has formed a positive interaction and mutual promotion with the release of production and consumer demand. In May, the total business index was 49.3%, up 5.5 percentage points from the previous month. In terms of different regions, the total business index in the eastern region rebounded by nearly 10 percentage points month-on-month, reaching over 50%; the central region was 47.5%, up 5.4 percentage points month-on-month; the western region maintained a good level of over 50%. In terms of different industries, the business volume index of railway transportation remained stable. The business volume indices of the road transport industry and postal express delivery industry rebounded significantly, with an increase of 6.3 and 2.8 percentage points from the previous month.

The logistics market environment and the micro vitality of enterprises tend to improve. The supply level of employees has been improved. In May, the employment index was 47.4%, up 1.9 percentage points from the previous month. In terms of different industries, the personnel indexes of road transportation and postal express industry rebounded by 2.5 and 2.2 percentage points respectively, which to a certain extent improved the tight balance between supply and demand of personnel in the past two months.

Funding tensions are showing signs of easing. The corporate capital turnover index rose by 3.7 percentage points, of which large and medium-sized enterprises rose by about 4 percentage points, and small enterprises rose by 2.6 percentage points. Enterprise efficiency has improved. The main business profit index rebounded by 5 percentage points, of which large enterprises rebounded by more than double digits, and small and micro enterprises rebounded by 3 to 4 percentage points.

The key logistics nodes have been gradually opened up. The flow of urban and rural logistics has been gradually smoothed, and the traffic of trucks and express parcels on expressways across the country has steadily increased.

The logistics expectation index and fixed asset investment index rebounded. In May, the business activity expectation index was 53.7%, a month-on-month increase of 1.8 percentage points, of which waterway transportation rose by more than 10 percentage points month-on-month, and road transportation and postal express delivery rose by about 4 percentage points month-on-month, showing that companies have improved confidence in future expectations. At the same time, the state has recently released several signals to strengthen investment in logistics infrastructure, and the local version of the logistics infrastructure investment policy is about to come out. With the simultaneous development of market expectations and policy expectations, the growth rate of fixed asset investment in the logistics industry has accelerated. The fixed asset investment index of the logistics industry rebounded by 1.9 percentage points from the previous month. Water transportation and loading, unloading and handling rose by more than 10 percentage points month-on-month, and road transportation and postal express delivery rose by 2-5 percentage points month-on-month.

On the whole, with the support of the large market size and the strong resilience of the industry, logistics operations rebounded in May. However, it should also be noted that the basis for the recovery is still unstable, and the phenomenon of imbalance and incoordination is more prominent in the recovery process. For example, the recovery of large and medium-sized logistics enterprises is relatively fast, and the recovery of small and micro logistics enterprises is relatively lagging behind. Problems such as unsynchronized income growth and profitability, and uneven investment in the industry still exist. Experts suggest that we should continue to pay attention to the impact of the epidemic on the short-term impact of logistics operations, increase support for logistics and supply chains, enhance the micro vitality of enterprises, and enhance their ability to resist risks.

(Headquarters CCTV reporter Wang Shantao)