需求释放！消费、供给……多维透视物流“快跑” “数”读经济“硬支撑”更稳

Core Viewpoint - The logistics operation in China shows overall stability and further optimization of structure, with industrial logistics maintaining steady growth and consumer logistics demand accelerating release [1][4]. Group 1: Logistics Performance - From January to May, the total social logistics volume reached 138.7 trillion yuan, a year-on-year increase of 5.3%. In May, the growth rate was 5.0%, a decrease of 0.5 percentage points from the previous month [1]. - The logistics demand for industrial products remains resilient, with equipment manufacturing contributing over 50% to the growth of logistics demand [2]. - The logistics volume for units and residents' goods increased by 6.4% year-on-year from January to May, with May showing an 8.3% increase, reflecting the impact of consumption policies and holiday economy [4]. Group 2: Import Logistics - From January to May, the total import logistics volume decreased by 4.1% year-on-year, with May showing a 3.8% decline, which is a 2.7 percentage point increase in the decline compared to April [7]. - The import logistics structure is shifting from traditional bulk commodities to high-value-added industrial products, as evidenced by the growth in machine tools and integrated circuits [7]. Group 3: Emerging Trends - New consumption formats such as live streaming sales and instant retail are maturing, with online retail sales of physical goods increasing by 6.3% year-on-year from January to May [6]. - The logistics demand for renewable resources and the new energy industry is improving, with a 16.2% year-on-year increase in renewable resource logistics from January to May [10]. Group 4: Logistics Supply and Revenue - The logistics market scale continues to expand, with total logistics revenue reaching 5.6 trillion yuan, a year-on-year increase of 4.2% [13][20]. - The multi-modal transport business is progressing, with a steady increase in the volume of rail-water intermodal containers, which reached 6.833 million TEUs, a year-on-year increase of 18.4% [15][17]. Group 5: Future Outlook - The logistics for equipment manufacturing and consumer goods is expected to continue its recovery trend, driven by policies such as equipment updates and consumption upgrades [22].