China Federation of logistics and purchasing and storage development Limited by Share Ltd joint investigation Chinese storage index, 2018 February 48.4%, fell 3.5 percentage points last month, again after a lapse of six months into the contraction interval.

 

The main index of new order, business volume, business profit, turnover efficiency and employees of enterprises decreased to some extent, which reflected the influence of Spring Festival factors. But the expected index of business activity has reached a new high in nearly a year, indicating that the market will be warmer in the later period with the resumption of business. In terms of index performance, there are the following characteristics:

 

The volume of business has fallen sharply. In February, the business volume index was 40%, up 13.3 percentage points lower, is to fall for the first time in nearly two years following the ups and downs of the line. The sharp fall in the index is mainly affected by the Spring Festival holiday. Production and business activities of steel, nonferrous metals, building materials and other commodities industry basically stagnate, demand has declined significantly, and the volume of warehousing business has declined.

 

The industry is in a state of stock. Due to the decline in demand, the efficiency of cargo turnover is significantly slowed down. In February, the average inventory turnover index decreased by 9.4 percentage points to 41.4%. At the same time, in order to make the festival market run smoothly, the enterprises are basically in the stocking state. Warehousing links are increasing, and the warehouse output is decreasing. The stock index at the end of the year will continue to rise by 0.5 percentage points to 54.9%. In view of the variety, the end stock of steel, chemical products, building materials and timber rose more obviously.

 

Profits continue to shrink. Affected by the sharp dro in business volume, the business profit index also contracted significantly. In February, it fell 8.4 percentage points to 39.4% in the previous month, and it has been in the contraction area for three consecutive months, and the decline is gradually expanding. Although the volume of business has been greatly reduced, the business cost has not shown a downward trend, and the labor cost has increased during the holiday season. The main business cost index is still in the expansion area, reaching 51.8%. On the other hand, under the influence of the Spring Festival, the employee index of the enterprise also showed a shrinking trend, down by 3 percentage points to 45.9%.

 

The future market is expected to be better. In February, the business activity expectations index reached a high level of 63.5%, a new high in recent years. It indicates that with the gradual recovery of production and business activities after the festival, storage demand will increase significantly, and the industry will return to a good pattern.

 

Source: Science and Technology Department of China Federation of logistics information