The Zhitong Finance App learned that on January 3, the China Logistics Industry Sentiment Index for December 2023 released by the China Federation of Logistics and Purchasing was 53.5%, up 0.2 percentage points from the previous month. The logistics boom remained steady and rising in December. Among the main indicators, the Total Business Volume Index, New Orders Index, Capital Turnover Index, Fixed Asset Investment Completion Index, Employee Index, and Business Activity Expectations Index were all in the expansion range, reflecting the improvement in the basic trend of logistics operations this month. Business volume increased, demand for new orders was stable, and microprofit improved. Looking at the whole year, the annual average of most sub-indicators was higher than the previous year, and the steady, moderate and positive development situation was further stabilized.

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The logistics industry sentiment index for December 2023 shows that the total volume of logistics business is growing steadily throughout the year, and the trend is steady, moderate and positive.

The China Logistics Industry Sentiment Index for December 2023 released by the China Federation of Logistics and Purchasing was 53.5%, up 0.2 percentage points from month to month. The logistics boom remained steady and rising in December. Among the main indicators, the Total Business Volume Index, New Orders Index, Capital Turnover Index, Fixed Asset Investment Completion Index, Employee Index, and Business Activity Expectations Index were all in the expansion range, reflecting the improvement in the basic trend of logistics operations this month. Business volume increased, demand for new orders was stable, and microprofit improved. Looking at the whole year, the annual average of most sub-indicators was higher than the previous year, and the steady, moderate and positive development situation was further stabilized.

The overall expansion of business volume has accelerated. The total business volume index for December was 53.5%, up 0.2 percentage points from the previous month. By industry, the total logistics business index for most industries is in the expansion range, but the road transport industry, air transport industry, postal express delivery industry, and water transport industry all showed a month-on-month decline, with a 0.3-2.8 percentage point correction, respectively.

Demand growth has declined slightly. In December, the index of new orders from logistics companies was 52.8%, down 0.6 percentage points from the previous month. Looking at the three major regions, the new order index for the eastern region was lower than the national level in December, and the new order index for the central region and the western region was 53.1% and 52.9% respectively, which provided basic support for the growth of new orders. By industry, the index of new orders in industries such as road transport, air transport, handling, warehousing and logistics, and postal express delivery remained above 50%.

Business operations have improved. In December, the main business profit index of enterprises was 48.2%. The average for the fourth quarter was significantly better than in the third quarter and the first half of the year. Among them, the most dynamic small enterprises and micro enterprises main business profit index rebounded 0.1 and 0.2 percentage points month-on-month, achieving a positive recovery for 5 consecutive months. In December, some companies reported that the tight financial situation had eased. The capital turnover index for the entire industry was above 51%. Among them, the capital turnover index for the road transport industry, warehousing and logistics industry, postal express delivery industry and other industries was higher than 53%, but the capital turnover situation in the water transport industry, handling industry and other industries still needed to improve.

The overall development is expected to be stable. In December, the expected index of business activity was 54.8%, and the expected index of business activity in the railway transportation industry, air transport industry, warehousing and logistics industry, and postal express delivery industry remained at a high level.

Judging from data trends, overall logistics operations have remained steady and progressive since this year, and logistics activity has further increased. The average annual logistics industry sentiment index reached 51.8%, an increase of 3.2 percentage points over the previous year. The Total Business Volume Index and the New Orders Index were both low and high. The annual average was 3.2 and 2.5 percentage points higher than the previous year, respectively. The overall level of micro-profit improved. The annual average of the capital turnover index, equipment utilization index, and main business profit index increased by 2.2, 2.8, and 2.8 percentage points, respectively, over the previous year. The annual average business activity expectations index was 56.2%, an increase of 2.5 percentage points over the previous year. Among them, the business activity expectations index for the third and fourth quarters continued to be high, reflecting a steady increase in industry operating expectations and confidence in enterprise development.

This article was selected from “China IoT Official Website”; Zhitong Finance Editor: Huang Xiaodong.