前三季度全国社会物流总额同比增长5.4% 呈现“稳中有进、质效提升”的发展态势

Core Insights - The total social logistics volume in China reached 263.2 trillion yuan in the first three quarters, showing a year-on-year growth of 5.4%, although the growth rate has slightly decreased by 0.3 percentage points compared to the first half of the year [1] - The logistics demand growth rate remained above 5% across all three quarters, indicating a stable and positive development trend in logistics operations [1] Logistics Demand Growth - The logistics demand is characterized by a solid foundation in industrial logistics, a rebound in international logistics, and strong growth in high-end and green logistics [2] - The total logistics volume for industrial products grew by 5.6% year-on-year, contributing 81% to the overall growth of social logistics [2] - The logistics volume related to units and residents increased by 6.6% year-on-year, with a notable acceleration to 8.0% in the third quarter [2] Emerging Consumption Trends - Online consumption logistics demand has accelerated, particularly in categories such as cold chain fresh food, home appliances, and beauty products [3] - The logistics volume for recycled resources grew by 15% year-on-year, indicating a robust demand in the circular economy sector [3] - The demand for green logistics is rapidly increasing, driven by low-carbon and high-end manufacturing sectors [3] Logistics Supply Expansion - The total revenue of the logistics industry reached 10.5 trillion yuan in the first three quarters, with a year-on-year growth of 4.7% [4] - The logistics industry’s prosperity index averaged 50.6, with a notable increase to 51.2 in September, indicating active logistics activities [4] - The logistics supply system is becoming more efficient, with steady growth in various transportation sectors, particularly in air logistics [4] Resilience of Logistics Enterprises - Key logistics enterprises reported a 4.5% year-on-year growth in logistics business revenue, reflecting improved operational activity [5] - The cost per hundred yuan of revenue decreased to 95.5 yuan, leading to a slight improvement in profit margins [5] - The logistics sector is expected to stabilize and recover in the fourth quarter, supported by traditional peak seasons and government policies aimed at enhancing logistics efficiency [5]