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The China Warehousing Index stood at 49.3% in August, with a positive outlook for the future

News2025-09-09
The China Federation of Logistics and Purchasing released the China Warehousing Index for August today. Due to the high temperatures and rainy weather, as well as the off-season in some bulk commodity markets, demand for warehousing services has been relatively sluggish, causing fluctuations in industry operations. However, the business activity expectation index continues to rise within the expansion range, and enterprises maintain optimistic confidence in the future market.

In August, China's warehousing index stood at 49.3%, marking a decline of 0.8 percentage points from the previous month. In terms of demand, the new orders index has decreased compared to the previous period. Due to the market off-season, the new orders index for steel warehousing has seen a notable month-on-month drop; the new orders index for food warehousing has been below 50% for two consecutive months.

 Furthermore, weather factors have constrained the efficiency of inventory in and out operations, coupled with weak end-user demand, leading to a slowdown in commodity turnover. However, inventory levels have remained stable, laying a foundation for the subsequent recovery of market demand. Notably, non-ferrous metal inventories have seen a significant increase.

Looking at the trend in the later period, the expected index for business activities in August stood at 54.8%, marking a 2.5 percentage point increase from the previous month. The index has seen a notable rise within the expansion range, indicating that enterprises are more optimistic about the future and have ample confidence.

Experts indicate that as September sets in, with the conclusion of the hot and rainy weather and the advent of the Mid-Autumn Festival and National Day holidays, outdoor construction operations will resume in an orderly manner, consumer spending will be boosted, and demand for warehousing services will be unleashed in a concentrated manner. The industry is expected to return to a stable and positive operational trend.

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