1月份中国物流业景气指数为51.2%

Core Viewpoint - In January 2026, China's logistics industry prosperity index was reported at 51.2%, a decrease of 1.2 percentage points from December 2025, indicating a slowdown in logistics activity due to seasonal factors [1][4]. Group 1: Logistics Industry Performance - The logistics business maintained an expansion trend in January, but activity levels slowed due to holiday factors, with the business volume index at 51.2%, down 1.2 percentage points month-on-month [5]. - The new orders index remained in the expansion zone at 50.2%, which is 0.3 percentage points higher than the same period last year [5]. - The business activity expectation index was at 52.3%, reflecting a month-on-month decline of 2.5 percentage points, indicating a high market expectation despite the recent drop [5]. Group 2: Price and Profitability Trends - The logistics service price index was reported at 50.1%, showing a month-on-month decline, while the overall profitability of enterprises remained stable, with the main business profit index down by 0.3 percentage points [5]. - Since December 2025, logistics service prices have generally trended lower, with road logistics prices remaining low and railway bulk goods adopting a differentiated pricing strategy with discounts of 10% to 15% [2][5]. Group 3: Postal and Express Delivery Sector - In January, the postal and express delivery business volume index was 70.8%, reflecting a month-on-month increase of 0.2 percentage points, driven by strong demand for local specialty goods and e-commerce logistics [6]. - The demand for consumer logistics remains active, contributing to the expansion of related logistics business sectors [6]. Group 4: Future Outlook and Recommendations - To ensure a smooth start after the holiday, it is crucial to focus on the resumption of production and enhance supply chain resilience, with early project lists and investment plans already issued for 2026 [7]. - Attention should be paid to potential adverse weather conditions around the Spring Festival, and logistics supply guarantees should be established for key materials [7]. - Current overall demand dynamics are weak, and it is recommended to monitor the resumption of production closely to lay a foundation for a stable start [7].