2025年6月6日，中国商业联合会发布6月份中国零售业景气指数(CRPI)。6月份，中国零售业景气指数(CRPI)为50.1%，较上月小幅下降0.4个百分点，连续10 个月维持在扩张区间运行。数据显示，商品经营类景气指数为49.5%，成为影响综合指数下行的主要因素;电商经营类景气指数为50.8%，较上月上升0.8个百 分点。 分析认为，受"618"线上促销活动和"以旧换新"政策等因素影响，线上零售增幅明显扩大，本月消费市场呈现线上线下（300959）结构性转移特征。综合景 气指数小幅回落，表明消费能力尚需提升。 一、中国零售业景气指数运行情况 从行业分类看，6月零售业三大分类指数出现分化。商品经营类指数为49.5%，较上月下降0.9个百分点;租赁经营类指数为51.3%，较上月小幅下降0.5个百分 点;电商经营类指数为50.8%，较上月上升0.8个百分点。 (一)商品经营类CRPI分析 商品经营类指数为49.5%，较上月下降0.9个百分点，降至荣枯线以下。分析认为，6月份气温开始升高，线下商品零售逐渐进入经营淡季，叠加"618"线上促 销力度加大对线下商品零售产生分流效应，商品经营类企业预期明显变弱。 构成商品 ...

Core Insights - The China Logistics and Purchasing Federation reported that the logistics industry prosperity index for May is 50.6%, indicating continued expansion in the sector [1] - There is a notable increase in consumer logistics demand driven by various factors such as trade-in programs, holiday consumption, and inter-regional travel [1][2] - The logistics sector is experiencing a recovery in business activity, with significant growth in specific regions and industries [1][2] Regional Performance - The central and western regions have business volume indices above the national average, with strong demand in equipment manufacturing, automotive parts, coal logistics, and chemical products logistics [1] - E-commerce platforms reported a year-on-year increase of 10%-15% in logistics order volume for home appliances and communication products in May [1] Industry Activity - The postal and express delivery industry business volume index reached 69.4%, showing a month-on-month increase of 0.8 percentage points [1] - The road transport industry maintained an expansion trend with a business volume index of 51.3%, while the railway transport industry index was at 54.2%, indicating stable demand for bulk transportation [1] Business Operations - The operating vitality of logistics companies is improving, with the enterprise fund turnover rate index remaining above 50% for nine consecutive months [2] - In May, the fund turnover rate index increased by 0.3 percentage points, and the inventory turnover index rose by 0.2 percentage points [2] - Small and micro enterprises showed better improvement in main business profit indices compared to larger enterprises [2] Investment Trends - Fixed asset investment in the logistics sector continues to recover, with indices for road transport, postal and express delivery, air transport, and water transport all showing month-on-month increases [2] - The logistics industry is expected to maintain a positive outlook due to accelerated infrastructure development and investment progress, with business activity expectation indices remaining above 55% for three consecutive months [2]

Core Viewpoint - The logistics industry in China shows signs of continued expansion, with the logistics prosperity index for May 2025 at 50.6%, indicating stable demand in both consumer and industrial logistics sectors [1] Group 1: Logistics Prosperity Index - The logistics prosperity index for May 2025 is 50.6%, a decrease of 0.5 percentage points from April [1] - The total business volume index remains in the expansion range at 50.6%, with all three major regions showing expansion [1] - The central region's business volume index is 51.1%, and the western region's is 52.8%, both above the national level [1] Group 2: Sector Performance - The postal and express delivery industry has a business volume index of 69.4%, up 0.8 percentage points month-on-month [2] - Road transportation maintains an expansion trend with a business volume index of 51.3%, while inventory turnover for road transport is at 43.6%, up 0.2 percentage points [2] - The railway transportation index is at 54.2%, indicating stable demand for bulk energy transport [2] Group 3: Microeconomic Indicators - The enterprise fund turnover rate index has remained above 50% for nine consecutive months, averaging 50.7% in the first five months of the year, which is 0.5 percentage points higher than the same period last year [3] - In May, the fund turnover rate index increased by 0.3 percentage points, with small and micro enterprises seeing a 0.4 percentage point rise [3] Group 4: Investment and Market Outlook - Fixed asset investment completion index rose by over 0.5 percentage points in May, with specific increases in road transport, postal delivery, aviation, and water transport sectors [4] - The business activity expectation index has remained above 55% for three consecutive months, indicating a generally optimistic market outlook [4] - Companies are optimistic about future logistics infrastructure investments and key sectors such as intermodal transport and high-end manufacturing logistics services [4]

Group 1 - The core viewpoint of the article is that China's logistics industry continues to show signs of expansion, with the logistics prosperity index for May standing at 50.6% [1] Group 2 - The logistics prosperity index remains in the expansion zone, indicating positive growth in the sector [1] - There is a noticeable increase in consumer logistics demand during May [1]

记者今天从宁波海关获悉，自2015年首届中国—中东欧国家投资贸易博览会以来，中国—中东欧国家贸 易景气指数持续攀升，2024年达到新的峰值150.84点，比2015年上涨50.84点，比2023年上涨5.18点。今 年前4个月，我国对中东欧国家进出口贸易规模达3296.8亿元，同比增长5.6%，创历史同期新高。(央视 新闻) ...

Group 1 - The US President Trump has decided to abandon the threat of imposing a 50% tariff on EU imports starting next month, which led to a temporary drop in gold prices to around $3323, but buying support and geopolitical tensions between Russia and Ukraine helped gold prices recover, closing at $3337.93 per ounce on Monday [1] - On Tuesday morning, spot gold showed slight gains, trading around $3340.70 per ounce [2] - The US dollar index fell to 98.55 on Monday, marking a new low since April 29, which also provided support for gold prices [4] Group 2 - The trade negotiation window between the US and EU is set to last until July 9, with EU Commission President von der Leyen indicating a willingness to act swiftly and decisively in negotiations, contingent on Trump returning to the original 90-day negotiation period [6] - ECB President Lagarde stated that Trump's erratic policies present a unique opportunity to strengthen the euro's international status, suggesting that European decision-makers are looking to leverage the situation to enhance the euro's position [7] - A recent study by the German Economic Institute indicates that Trump's proposed tariffs could lead to a cumulative loss of €200 billion for the German economy from 2025 to 2028, potentially increasing to €250 billion if the EU implements reciprocal measures [8]

5月27日消息，欧元区5月经济景气指数为94.8，预期为94；5月工业景气指数为-10.3，预期-10.5。 ...

欧元区5月工业景气指数为-10.3，预期-10.5；5月服务业景气指数为1.5，预期1。 ...

Core Insights - The Eurozone Economic Sentiment Index for May is reported at 94.8, surpassing the expected value of 94 and the previous value of 93.6 [1] Economic Indicators - The current index of 94.8 indicates a positive shift in economic sentiment compared to the previous month [1] - The increase from 93.6 to 94.8 represents a growth of 1.2 points, reflecting improved economic conditions in the Eurozone [1]

欧元区5月工业景气指数 -10.3，预期-10.5，前值由-11.2修正为-11。 ...