8月份中国仓储指数为49.3% 后市预期向好

Core Viewpoint - The China Warehousing Index fell to 49.3% in August 2025, indicating a contraction in the warehousing sector due to extreme weather and seasonal demand fluctuations for certain commodities [1] Group 1: Index Performance - The Warehousing Index dropped by 0.8 percentage points from July, marking a return to the contraction zone after nine months of expansion [1] - The New Orders Index decreased to 49.5%, down 0.5 percentage points from July, with mixed performance across different commodities [1] - The Ending Inventory Index remained stable at 50%, but decreased by 1 percentage point from July [2] Group 2: Demand and Supply Chain Dynamics - The average inventory turnover index and business activity expectation index increased by 0.4 percentage points and 2.5 percentage points, respectively, indicating a potential recovery in market demand [2] - Despite the decline in new orders, ending inventory, and employee indices, the average inventory turnover index remains below 50, reflecting a sluggish warehousing demand and slower supply chain turnover [2] - Analysts expect that with the end of extreme weather and upcoming holidays, there may be a release of pent-up demand in the warehousing sector, leading to a more stable and positive operational trend [2]