Core Insights - The China Warehousing Index for November 2025 is reported at 50.4%, a slight decrease of 0.2 percentage points from October, indicating stable overall industry performance [1] - New order volume continues to grow, and facility utilization rates have increased, reflecting a recovery in market demand and smoother supply chain connections [1] - The business activity expectation index has risen to 55.3%, indicating improved confidence among enterprises regarding future demand [3] Group 1: Warehousing Index and Performance - The Warehousing Index remains above 50%, suggesting a stable industry operation despite a minor decline [1] - The new orders index stands at 50.5%, unchanged from October, with various sectors showing differing performance levels [1] - Facility utilization index increased to 52.4%, indicating higher efficiency in several sectors [1] Group 2: Inventory and Turnover - The ending inventory index is at 50%, up by 0.6 percentage points from October, with certain sectors experiencing higher inventory levels [1] - The average inventory turnover index decreased to 50%, down by 1.2 percentage points, with some sectors performing better than others [2] Group 3: Future Expectations - The business activity expectation index has increased by 4.2 percentage points, reflecting a positive outlook for future demand [3] - Continued policy support is anticipated to further stimulate investment and consumption-related demand, contributing to a favorable development trend in the warehousing industry [3]