11月份电商物流指数保持快速发展势头

Core Insights - The e-commerce logistics index in China remained stable at 113.1 points in November 2025, unchanged from October [1] - The total business volume index for e-commerce logistics decreased by 0.5 points to 132.4 points in November, with all four major regions experiencing a decline [1] - The rural e-commerce logistics business volume index fell significantly by 2.6 points to 130.4 points, with only the Northeast region showing a slight increase [1] Demand and Supply Analysis - The "Double 11" promotional activities led to a sustained promotional effect from October, but the price advantages diminished, resulting in a decrease in both total business volume and rural business volume indices [2] - Categories such as sports and outdoor, pets, and trendy toys saw continued high growth, with instant retail platforms like Meituan and JD's quick delivery becoming new growth points in November [2] - E-commerce logistics companies maintained service capabilities and efficiency despite the demand slowdown, with improvements in logistics timeliness, fulfillment rates, satisfaction rates, and load rates reaching new highs for the year [2] Inventory and Cost Metrics - The inventory turnover rate index increased by 0.3 points in November, while the cost index decreased by 0.1 points, marking six consecutive months of decline [1] - The effects of cost reduction measures are becoming evident, contributing to the overall stability in the logistics sector [1]