2025年12月份中国物流业景气指数为52.4% 实体经济物流业务需求持续活跃

Core Viewpoint - The logistics industry in China is showing signs of recovery and growth, with the logistics prosperity index reaching 52.4% in December 2025, indicating sustained demand in the real economy [1] Group 1: Industry Performance - The logistics prosperity index for 2025 averaged 50.8%, with quarterly averages of 50.2%, 50.8%, 50.9%, and 51.3%, reflecting a steady recovery and optimization of industry dynamics [1] - The business volume index for December 2025 was 52.4%, marking a 1.7 percentage point increase from October, with all three major regions (East, Central, and West) showing balanced growth [1] - The fourth quarter business volume index averaged 51.3%, which is 0.4 percentage points higher than the third quarter [1] Group 2: Market Expectations - The business activity expectation index for December 2025 was 54.8%, with the fourth quarter average remaining at 55, indicating stable high expectations in the market [2] - The new orders index for December was 51.8%, reflecting a 0.2 percentage point increase, suggesting ongoing expansion in demand [2] - E-commerce retail sales reached 11.8 trillion yuan in the first 11 months of 2025, growing by 5.7% and accounting for 25.9% of total retail sales [2] Group 3: Sector-Specific Insights - Demand from bulk energy, manufacturing, and consumer sectors is driving overall logistics improvement, with significant logistics needs emerging in sectors like new energy vehicles and high-end pharmaceuticals [3] - The equipment utilization index and capital turnover index showed month-on-month increases of 1.3 percentage points and 0.1 percentage points, respectively, indicating improved operational efficiency [3] - The average profit index for main business operations in the fourth quarter was 47%, reflecting a 0.6 percentage point increase from the third quarter [4] Group 4: Future Outlook - The logistics industry is expected to maintain a high level of fixed asset investment completion index above 55%, with business activity expectations remaining strong at 54.8% [4] - The development of logistics and supply chains is poised for significant opportunities, particularly with the operational launch of the Hainan Free Trade Port [4]