8月中国仓储指数为49.3% 环比微落0.8个百分点

Core Insights - The China Warehousing Index for August 2025 is at 49.3%, a decrease of 0.8 percentage points from the previous month, indicating a contraction in the warehousing sector [1] - Factors such as extreme weather and the off-season for certain commodities have led to insufficient demand for warehousing services, contributing to the decline in the index [1] - Despite the overall decline, the business activity expectation index has risen significantly, suggesting optimism for future demand as seasonal factors change [1] Index Summaries - The new orders index stands at 49.5%, down 0.5 percentage points from last month, with various sectors showing mixed results; non-ferrous metals, machinery, and pharmaceuticals have indices above 50%, while steel, food, and daily necessities are below 50% [1][2] - The ending inventory index is at 50%, a decrease of 1 percentage point, with steel, non-ferrous metals, and machinery having indices above 50%, while minerals, food, home appliances, and daily necessities are below 50% [2] - The average inventory turnover index is at 48.9%, an increase of 0.4 percentage points, with minerals and pharmaceuticals above 50%, while steel, non-ferrous metals, and home appliances are below 50% [2] - The enterprise employee index is at 48.4%, down 2.1 percentage points, indicating a reduction in workforce levels in the sector [2] - The business activity expectation index is at 54.8%, an increase of 2.5 percentage points, reflecting increased confidence among businesses regarding future operations [2]