中物联：2025年10月份中国物流业景气指数为50.7% 较上月回落0.5个百分点

Core Viewpoint - The logistics industry in China experienced a slight decline in the logistics prosperity index for October 2025, which stands at 50.7%, down 0.5 percentage points from the previous month, yet remains in the expansion zone [1][7]. Group 1: Logistics Demand and Business Activity - The logistics demand showed a slight pullback in October, with the business volume index at 50.7%, reflecting a decrease of 0.5 percentage points, although it remains in the expansion range [4][9]. - The industrial logistics sector saw a decline in demand for home appliances, communication products, and renovation materials, while demand for electronic components, new energy vehicles, and transportation equipment remained strong [9]. - The consumer logistics sector experienced growth, driven by active online shopping and promotional activities during the National Day and Mid-Autumn Festival, with the postal express industry’s business volume index rising to 70.5%, up 0.4 percentage points [9]. Group 2: Business Resilience and Profitability - Logistics companies demonstrated resilience, with the main business profit index rising by 0.2 percentage points despite rising costs, indicating stable operational performance [10]. - Small and micro enterprises saw an increase in their main business profit index by 0.1 and 0.4 percentage points respectively, while large and medium-sized enterprises experienced a decline of 0.2 percentage points [10]. Group 3: Investment and Market Expectations - Fixed asset investment in logistics maintained an expansion trend, with the completion index at 55.2%, indicating ongoing investment in the sector [5][11]. - The business activity expectation index remained high at 55.3%, reflecting a positive outlook among enterprises for the future [6][11]. - Overall, the logistics industry is expected to maintain a steady growth trajectory, supported by strong demand and resilient supply chains [11].