According to the China Federation of Logistics and Purchasing and China State Development Co., Ltd., the China Warehousing Index, which was jointly surveyed, was 50.2% in August 2024, an increase of 3.7 percentage points from the previous month, ending four consecutive months of decline and returning to the expansion range.

Key indicators such as end-of-period inventory, average inventory turnover, company employees, and business activity expectations have all rebounded to varying degrees, indicating an acceleration in commodity turnover efficiency, smooth coordination of upstream and downstream transportation, positive expectations for enterprises, improved stocking enthusiasm, and alleviation of industry operating pressure.

However, the new order index is still in the contraction range, indicating insufficient demand for warehousing business.

China Federation of Logistics and Purchasing announced the Logistics Business Confidence Index for August. With the gradual implementation of policies such as stable growth, the linkage between the industrial chain and the supply chain has accelerated, the total volume of logistics business and the growth rate of new orders have increased. In August, the Logistics Business Confidence Index rebounded within the expansion range, further improving the level of logistics business confidence.

The Logistics Business Confidence Index for August was 51.5%, an increase of 0.5 percentage points from the previous month.

From the industry perspective, the demand for logistics in the summer consumer market is strong, which has accelerated the growth of e-commerce express and fast transportation business.

In August, the total volume index of express delivery and express delivery business was 70.6%, an increase of 0.2 percentage points compared to the previous month. Orders for aquatic products, fruits and vegetables, leisure outdoor supplies, sports and entertainment products, etc. increased by more than 10% compared to the previous month.

In the logistics of industrial products, the demand for automobile and parts manufacturing, electrical machinery manufacturing, pharmaceutical manufacturing, etc. has increased significantly, driving the total volume index of aviation transportation, warehousing, and multimodal transportation sectors to rise to 57%, 52%, and 52.5% respectively.

Logistics sector-related companies include:

JD Logistics (02618), Sinotrans Limited (00598), ZTO Express-W (02057), ANE Logistics (09956), CN Logistics (02130), SF Same Day Delivery (09699), Shenzhen International (00152), etc.