Core Viewpoint - In August, China's logistics industry maintained an expansionary trend, with the logistics prosperity index rising to 50.9%, an increase of 0.4 percentage points from the previous month [1][2]. Group 1: Logistics Prosperity Index - The logistics prosperity index for August was reported at 50.9%, indicating a recovery and sustained expansion for six consecutive months [1]. - The index reflects a rapid growth in logistics business volume and new order volume, supported by the implementation of policies aimed at promoting consumption, stabilizing investment, and ensuring livelihoods [1][2]. Group 2: Sub-Indices Performance - Various sub-indices, including business volume index, new order index, inventory turnover index, capital turnover rate index, logistics service price index, fixed asset investment completion index, employment index, and business activity expectation index, all remained above 50%, indicating expansion [1]. - The business volume index specifically was at 50.9%, showing a month-on-month increase of 0.4 percentage points [1]. Group 3: Regional Investment and Market Outlook - Fixed asset investment completion index remained in the expansion zone, with central and western regions achieving completion indices around 55% [2]. - The business activity expectation index rose to 55.8%, indicating positive market sentiment and expectations for stable growth in logistics demand [2].

Core Viewpoint - The logistics industry in China is showing significant expansion in August, driven by effective policies aimed at promoting consumption, stabilizing investment, and ensuring livelihoods, leading to improved supply chain and demand dynamics [1] Industry Performance - The logistics industry prosperity index for August is reported at 50.9%, an increase of 0.4 percentage points from the previous month [4] - Key sub-indices such as the total business volume index and new orders index continue to expand, with the total business volume index remaining in the expansion zone for six consecutive months and the new orders index for seven consecutive months [4] - The new orders index for railway, air transport, and postal express industries is above 55%, indicating a strong demand [4] Investment Trends - Fixed asset investment index remains in the expansion zone, indicating continued growth in investment [8] - The logistics development in consumption and production sectors is stable, with improved micro vitality of enterprises and better operational conditions [8] Sector-Specific Insights - In August, logistics orders for outdoor leisure, fitness entertainment, local specialties, and seasonal fruits and vegetables increased by nearly 5% month-on-month [10] - Significant increases in logistics demand are noted in the automotive, electronic components, and electrical machinery manufacturing sectors, alongside stable demand for bulk energy consumption [10] Market Confidence - The business activity expectation index for August is at 55.8%, up 0.2 percentage points from the previous month, reflecting enhanced market confidence [12] - The average business activity expectation index for the first eight months of the year is 55.4%, which is 0.4 percentage points higher than the same period last year [12]

Core Viewpoint - The China Logistics and Purchasing Federation reported an increase in the logistics industry prosperity index for August, indicating positive growth trends in both production and consumption logistics supported by national policies [1] Group 1: Logistics Industry Performance - The business activity expectation index for August is 55.8%, up 0.2 percentage points from the previous month [1] - The average business activity expectation index for the first eight months of the year is 55.4%, which is 0.4 percentage points higher than the same period last year [1] - Various sectors within the logistics industry, including railway, air, and express logistics, are maintaining a high prosperity level [1] Group 2: Market Confidence - The positive growth trends in logistics have led to improved confidence in industry expectations [1]

Core Insights - The China Logistics and Purchasing Federation released the logistics industry prosperity index for August, indicating significant expansion due to effective implementation of policies aimed at boosting consumption, stabilizing investment, and ensuring livelihoods [1] - The logistics sector is experiencing steady growth in both consumption and production logistics, with improved microeconomic vitality and business conditions [1] Industry Performance - During the summer transportation period, urban and rural consumption logistics demand remained strong, leading to accelerated growth in e-commerce and express delivery services [1] - There was a nearly 5% month-on-month increase in logistics orders for outdoor leisure, fitness, local specialties, and seasonal fruits and vegetables [1] - In industrial logistics, there was a notable increase in demand for logistics services in the automotive and parts manufacturing, electronic components manufacturing, and electrical machinery manufacturing sectors [1] - The demand for bulk energy consumption has stabilized [1] Business Conditions - The logistics service price index rose by 0.3 percentage points month-on-month in August, while the main business profit index increased by 0.2 percentage points [1] - The business activity expectation index for August was 55.8%, up 0.2 percentage points from the previous month, with an average of 55.4% for the first eight months of the year, which is 0.4 percentage points higher than the same period last year [1] - The logistics industry, including rail, air, and express logistics, remains in a high prosperity range, supported by a series of national policies [1]

Core Insights - The logistics industry in China shows significant expansion, with the logistics prosperity index reaching 50.9% in August, an increase of 0.4 percentage points from the previous month [1] - New order indices for railway, air transport, and postal express industries are all above 55%, indicating strong demand [1] - The overall supply and demand situation in logistics is improving, reflecting a solid foundation for the recovery of the real economy [1] Logistics Industry Performance - The business volume index has remained in the expansion zone for six consecutive months, while the new order index has been in the expansion zone for seven consecutive months [1] - There is notable growth in the new order indices for multimodal transport and water transport sectors [1] Investment Trends - Fixed asset investment completion index continues to stay in the expansion zone, indicating ongoing growth in investments [1]

中国物流协会分析师表示，7月份，尽管有局地洪涝和连续高温等不利天气因素影响，但全国物流需求 总量大、增势稳，指数反映出总需求保持扩张，企业内生动力较强，物流供需保持适配增长。 业务总量指数保持扩张态势。业务总量指数为50.5%，保持扩张区间运行。分地区来看，三大地区业务 总量指数均在扩张区间。 新订单指数回升。物流企业新订单指数为52.5%，环比回升0.1个百分点。分地区来看，东部地区和西部 地区新订单指数分别为51.2%和52.8%，环比均回升0.2个百分点。 原标题：7月份中国物流业景气指数为50.5% 继续保持扩张态势 8月5日，中国物流与采购联合会发布数据显示，2025年7月份中国物流业景气指数为50.5%，较6月份回 落0.3个百分点。 中国物流与采购联合会副会长何辉对《证券日报》记者表示，尽管受到一些因素影响，7月份指数有所 回落，但继续保持扩张态势，前7个月数据综合显示，物流需求增势平稳。 市场保持平稳预期。业务活动预期指数保持在55%以上，航空运输业、邮政快递业和多式联运领域业务 活动预期指数分别处在58.9%、57.2%和52.3%的高位水平。 上述中国物流协会分析师表示，从今年前7个月数据 ...

Core Insights - The logistics industry in Hubei is gradually recovering from a period of low demand, with the logistics prosperity index reaching 47.69% in July 2025, a month-on-month increase of 3.28 percentage points, although still below the threshold line [1] - The improvement in the logistics sector is attributed to enhanced demand from the real economy and increased efficiency in the logistics supply chain [1] Demand Recovery - The logistics business volume index and new orders index have both ended a three-month decline, increasing by 3.28 and 3.47 percentage points to 47.69% and 46.82%, respectively, indicating a recovery in market demand driven primarily by industrial and transportation sectors [3] - The transportation logistics enterprises saw a significant month-on-month increase of 6.38 percentage points to 46.67%, benefiting from the recovery in road freight and the release of demand for bulk commodity transportation [2] Supply Chain Efficiency - Inventory management is showing positive trends, with the average inventory index rising to 45.38%, a month-on-month increase of 2.93 percentage points, reflecting an enhanced willingness of companies to replenish stocks [4] - The inventory turnover index increased by 4.26 percentage points to 49.22%, indicating improved efficiency in supply chain operations despite rising inventory levels [4] Investment and Future Outlook - Fixed asset investment index rose to 51.92%, a month-on-month increase of 1.07 percentage points, suggesting that companies remain optimistic about long-term market conditions [5] - The business activity expectation index surged by 6.78 percentage points to 51.73%, indicating a return to expansion territory and high expectations for the "summer economy" in August [5]

Core Insights - In July, despite adverse weather conditions, China's logistics demand remained strong, with a logistics industry prosperity index of 50.5%, indicating continued expansion in logistics activities [1][2] Group 1: Logistics Industry Performance - The logistics industry maintained vitality, with e-commerce express and air logistics showing significant growth. The e-commerce express business activity index reached 69.3%, indicating a high prosperity level [1] - Air transportation business activity index was 52.8%, reflecting a month-on-month increase of 0.8 percentage points. Road and rail transportation indices were 54.6% and 51.7%, respectively, both showing a slight month-on-month recovery of 0.1 percentage points [1] Group 2: Market Demand and New Orders - The new orders index for logistics companies rose to 52.5%, indicating a month-on-month increase of 0.1 percentage points. Most sectors, except warehousing and water transportation, maintained new orders in the expansion zone [1] - Rail, road, and air transportation new orders indices increased by 0.3, 0.2, and 0.1 percentage points, respectively, indicating positive trends in these sectors [1] Group 3: Investment and Market Expectations - Fixed asset investment in the logistics sector showed continuous expansion, with a completion index of 54.9% in July, reflecting a month-on-month increase of 0.4 percentage points [2] - The business activity expectation index for July was 55.6%, remaining in a high prosperity zone, with air transportation and postal express indices at 58.9% and 57.2%, respectively [2] - The "old-for-new" national subsidy policy and regional subsidies have expanded consumption scenarios, further driving logistics demand growth [2]

Core Insights - In July, despite adverse weather conditions, China's logistics demand remained strong, with a logistics industry prosperity index of 50.5%, indicating continued expansion in logistics activities [1][2] Group 1: Logistics Industry Performance - The logistics industry maintained vitality, with e-commerce express and air logistics showing significant growth. The e-commerce express business activity index reached 69.3%, indicating a high prosperity level [1] - Air transportation business activity index was 52.8%, reflecting a month-on-month increase of 0.8 percentage points. Road and rail transportation indices were 54.6% and 51.7%, respectively, both showing a slight month-on-month recovery of 0.1 percentage points [1] Group 2: Market Demand and New Orders - The new orders index for logistics companies rose to 52.5%, indicating a month-on-month increase of 0.1 percentage points. Most sectors, except warehousing and water transportation, maintained new orders in the expansion zone [1] - Rail, road, and air transportation new orders indices increased by 0.3, 0.2, and 0.1 percentage points, respectively [1] Group 3: Investment and Market Expectations - Fixed asset investment in the logistics sector showed continuous expansion, with a completion index of 54.9% in July, up 0.4 percentage points month-on-month [2] - The business activity expectation index for July was 55.6%, indicating a strong outlook, particularly in air transportation and postal express sectors, with indices of 58.9% and 57.2% respectively [2] - The "old-for-new" national subsidy policy and regional subsidies have further expanded consumption scenarios, contributing to the growth of logistics demand [2]

Core Viewpoint - The logistics industry in China is experiencing a slight decline in the logistics prosperity index for July 2025, which stands at 50.5%, down 0.3 percentage points from June, but still indicates an expansion trend [1][2]. Group 1: Logistics Demand and Supply - The overall logistics demand remains stable, with the total logistics demand showing a strong growth momentum despite adverse weather conditions such as local floods and high temperatures [1][2]. - The business volume index is at 50.5%, indicating continued expansion across all major regions [1]. - The new orders index for logistics companies has increased to 52.5%, reflecting a slight month-on-month rise, with eastern and western regions showing improvements [1][2]. Group 2: Price and Market Expectations - The logistics service price index has seen a slight increase, particularly in road and water transportation sectors, with respective rises of 0.2 and 0.3 percentage points [1]. - The business activity expectation index remains above 55%, with high levels in the air transport, postal express, and multimodal transport sectors [2]. - The "old-for-new" national subsidy policy and innovative services in the home appliance sector are driving further growth in logistics demand [2]. Group 3: Future Outlook - The overall recovery momentum and market expectations for the logistics industry in China are considered positive [3].