6月物流景气指数环比回升

Core Viewpoint - The logistics industry in China shows signs of recovery with an increase in the logistics prosperity index to 50.8% in June 2025, indicating a slight month-on-month improvement despite challenges posed by extreme weather conditions and operational pressures [1] Logistics Business Volume and Service Prices - In June, the business volume index and logistics service price index increased by 0.2 and 0.3 percentage points respectively, with the business volume index remaining in the expansion zone for four consecutive months [2] - The recovery in business volume is attributed to improved demand in the eastern region and a reduction in external shocks to the supply chain [2] - The central and western regions outperformed the national average with business volume indices of 51% and 52.8%, while the eastern region's index was below the national level but showed a significant month-on-month increase [2] - Various sectors, including road transport, rail transport, air transport, and express delivery, reported business volume indices in the prosperity zone, driven by online shopping and seasonal demand for fresh produce [2] Service Prices and Profitability Challenges - Service prices in several sectors, including rail, road, water, air transport, and express delivery, saw increases of 0.2 to 0.4 percentage points [3] - Despite the rise in service prices, the industry faces ongoing competitive pressures and operational challenges, leading to sustained pressure on profitability and cash flow [3] - The main business cost index rose by 0.3 percentage points in June, with indices for rail, air transport, and express delivery exceeding 55% [3] - The cash turnover rate index fell by 0.4 percentage points to 50.5%, and the main business profit index decreased for the second consecutive month [3] Logistics Investment Trends - Logistics infrastructure investment showed stable growth, with the fixed asset investment completion index rising by 0.3 percentage points in June [4] - All sectors, except warehousing, maintained a recovery trend, with key projects in transportation logistics hubs progressing smoothly [4] - The business activity expectation index remained above 55% for four consecutive months, indicating positive market expectations [4] Policy and Financial Support - New policy financial tools are being developed to support various sectors, including traditional infrastructure, technology innovation, consumption, and foreign trade [5] - The support for foreign trade may include funding for export-oriented enterprises, cross-border e-commerce platforms, and related logistics infrastructure [5] - These financial tools are expected to provide sustained momentum for high-quality economic development [5]