10月中国仓储指数重回扩张区间 行业活跃度提升

Core Viewpoint - In October, China's warehousing index rose to 50.6%, indicating an increase in industry activity and a slight enhancement in companies' willingness to restock, reflecting a stable outlook for the market [1][2] Group 1: Warehousing Index and Activity - The warehousing index for October was reported at 50.6%, up by 1 percentage point from the previous month, signaling improved industry activity [1] - The business volume index increased to 52.7%, rising by 2.2 percentage points compared to last month, with specific sectors like chemicals, coal, and agricultural products showing indices above 50% [1] - Facility utilization rate improved to 51.6%, an increase of 0.6 percentage points from the previous month, indicating a rise in demand for warehousing services [1] Group 2: Inventory and Market Demand - The end-of-period inventory index and average inventory turnover index also saw increases, with growth rates ranging from 0.6 to 3.8 percentage points [1] - Although inventory levels decreased, the decline was less severe than in previous periods, suggesting a recovery in market demand and smoother supply chain connections [1] - The increase in business volume and facility utilization reflects a faster turnover of goods and a slight enhancement in companies' restocking intentions [1] Group 3: Future Outlook - The employee index and business activity expectation index remained in the expansion zone, indicating positive confidence among enterprises regarding future conditions [2] - With the acceleration of growth-stabilizing policies in the fourth quarter, investment and consumption-related activities are expected to show positive changes, suggesting further recovery potential for China's warehousing business [2]