7月份中国仓储指数为50.1% 连续9个月保持在扩张区间

Core Viewpoint - The China Logistics and Purchasing Federation and China Storage Development Co., Ltd. reported a decline in the warehousing index for July 2025, indicating a slowdown in growth while remaining above the expansion threshold for nine consecutive months [1] Group 1: Warehousing Index and New Orders - The warehousing index for July is 50.1%, down 0.9 percentage points from June [1] - The new orders index is at 50%, a decrease of 1.6 percentage points from June, with certain categories like non-ferrous metals and chemical products showing indices above 50, while others like mining products and home appliances are below 50 [1] Group 2: Inventory and Turnover - The ending inventory index is at 51%, an increase of 3.3 percentage points from June, with various categories such as steel and chemical products above 50, while non-ferrous metals and agricultural products are below 50 [1] - The average inventory turnover index is at 48.5%, down 7.2 percentage points from June, with non-ferrous metals and chemical products above 50, while steel and home appliances are below 50 [2] Group 3: Market Conditions and Future Outlook - Analysts attribute the slowdown in new orders to adverse weather conditions affecting consumer demand and outdoor construction [1] - The business activity expectation index is at 52.3%, down 1.4 percentage points from June, indicating stable confidence among enterprises [2] - The industry outlook remains optimistic in the long term, with expectations of improved activity post-rainy season supported by macroeconomic policies aimed at boosting consumption and optimizing the business environment [2]