The climate index of China's logistics industry in October 2022, released by the China Federation of Logistics and Purchasing on Tuesday, was 48.8 percent, down 1.8 percentage points from the previous month. China's warehousing index fell 5.3 percentage points from the previous month to 46.7 percent.
The assistant chairman of the China Federation of Logistics and Purchasing believes that in October, affected by the fluctuating factors of the epidemic, the logistics industry boom index fell from the previous month, showing that the logistics industry is running smoothly as a whole. From the perspective of the index, the fixed asset investment completion index rebounded from the previous month, and the other sub-indexes fell from the previous month. From the regional point of view, the eastern and western regions fell from last month. From the perspective of enterprise scale, the business volume of small logistics enterprises rebounded from the previous month, and the business volume of large, medium and micro logistics enterprises fell back from the previous month. In the later stage, under the influence of the continuous improvement of epidemic prevention efficiency in China, the overall improvement of epidemic prevention situation, and the continuous release of the dividends of bail-out assistance, stable supply and price, and stable growth policies, the logistics economy has great room for recovery.
New orders index fell, market demand to be released. In October, the new order index was 48.5 percent, down 1.6 percentage points from the previous month, indicating that demand in the logistics market still needs to be released.
Inventory turnover efficiency rollback. In October, the inventory turnover index was 49.4%, down about 2 percentage points from the previous month, which showed that the inventory of social goods affected by the epidemic increased and the turnover slowed.
Equipment utilization index fell. In October, the equipment utilization index fell 1.7 percentage points from the previous month. It shows that the utilization rate of logistics related equipment has also decreased with the decrease of business volume.
He Hui said that from the later trend, the new order index and business activity expectation index were 48.5% and 53.8%, indicating that the logistics industry is expected to rebound under the premise of effective control of the epidemic fluctuations.GES Logistics will also seize the opportunity to make greater contribution to the logistics industry and provide better services for customers.
