4月中国物流业景气指数：需求保持扩张 基础投资稳固

Core Viewpoint - In April, China's logistics industry maintained an expansionary trend despite a slight decline in the logistics prosperity index to 51.1%, indicating stable business operations and rising prices in road transport and e-commerce delivery services [1][2]. Group 1: Logistics Prosperity Index - The logistics prosperity index for April was reported at 51.1%, a decrease of 0.4 percentage points month-on-month [1]. - The overall logistics business demand remains in an expansionary phase, with supply chain linkages showing recovery [1]. Group 2: Sub-Indices Performance - Key sub-indices such as business volume index, new orders index, inventory turnover index, capital turnover rate index, fixed asset investment completion index, employment index, and business activity expectation index all remained above 50%, indicating expansion [1]. - The business volume index specifically stood at 51.1%, reflecting a slight month-on-month decline [1]. Group 3: Business Environment and Profitability - The domestic micro-operating environment for enterprises has remained stable, with overall logistics demand expanding and service prices slightly increasing [1]. - April saw stable corporate profitability, with the main business profit index experiencing a slight month-on-month increase [1]. Group 4: Future Expectations - The business activity expectation index for April was 56.4%, an increase of 1.2 percentage points month-on-month, indicating continued optimism among enterprises regarding future market conditions [2]. - The average business activity expectation index from January to April was 55%, up 0.7 percentage points compared to the same period last year [2]. - Future logistics fixed asset investment is expected to play a crucial role in stabilizing expectations, promoting development, and optimizing supply as major infrastructure and industrial projects accelerate [2].