Economy

Stable demand growth, good market expectations, logistics industry maintains expansion in July

2025-08-06   

On August 5th, the China Federation of Logistics and Purchasing released data showing that in July, despite the adverse weather factors such as local floods and continuous high temperatures, the total demand for logistics in China was large and the growth trend was stable. The prosperity index of China's logistics industry in July was 50.5%, indicating that the total volume of logistics business continued to expand. Liu Yuhang, Director of China Logistics Information Center, stated that the prosperity index of China's logistics industry was in the expansion range in July, indicating that the social logistics demand was in a relatively strong stage that month. The logistics of major industries remain vibrant, with prominent growth in e-commerce express delivery and air logistics, and stability in railway and road transportation. In July, the activity of e-commerce express delivery business continued to increase, with a total business volume index of 69.3%, in a high prosperity range. In the past two months, fresh food and seasonal fruits and vegetables have gradually entered the mature season and staggered their listing, driving the steady growth of air logistics business. The total volume index of air transportation industry business was 52.8%, up 0.8 percentage points month on month. The total business volume index of road transportation industry and railway transportation industry were 54.6% and 51.7% respectively, both rising by 0.1 percentage points month on month. From the perspective of market demand in the logistics industry, the new order index has rebounded and the growth rate of new demand has accelerated. In July, the new order index of logistics enterprises was 52.5%, a month on month increase of 0.1 percentage points. From an industry perspective, except for the warehousing and water transportation industries, the new order index of other industries remains in the expansion range. The new order index of railway transportation, road transportation, and air transportation industries has rebounded by 0.3 percentage points, 0.2 percentage points, and 0.1 percentage points respectively compared to the previous period. From the perspective of investment, since this year, the progress of infrastructure construction in the logistics field has been accelerating, and the completion index of fixed assets investment has been in the expansion range for five consecutive months. In July, the completion index of fixed assets investment in the logistics industry was 54.9%, up 0.4 percentage points month on month. From market expectations, the business activity expectation index for July is 55.6%, continuing to be in a relatively prosperous range. Among them, the expected index of business activities in the aviation transportation industry and postal express delivery industry are at the levels of 58.9% and 57.2%, respectively. According to enterprise research, market expectations are good in areas such as air transportation, high-end industrial logistics, and cross-border logistics. The China Federation of Logistics and Purchasing stated that from the data of the first seven months of this year, the growth trend of logistics demand is stable. The "trade in" national subsidy policy has been continuously strengthened, and regional subsidies and product categories have been continuously expanded, driving further expansion of consumer scenarios in the field of livelihood consumption and further growth of logistics demand. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:China Securities Journal

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