Logistics indicators are rebounding, showing signs of improvement, and the economy is recovering with a strong "pulse"

The China express delivery development index is 366.3, a year-on-year increase of 26.6%, and the monthly express delivery business volume has exceeded 10 billion pieces as the norm; The prosperity index of China's logistics industry was 51.7%, a 0.2 percentage point increase from the previous month; The China Commodity Index (CBMI) was 102.8%, rising for two consecutive months; The production of civil aviation transportation has basically recovered to the same level as the same period in 2019... Multiple data indicators in June reflect the continuous positive trend of the logistics industry, indicating a strong "pulse" of China's economic recovery.

Since the beginning of this year, the growth momentum of China's express delivery industry has significantly improved. The June China Express Development Index Report shows that in June 2023, the China Express Development Index was 366.3, a year-on-year increase of 26.6%. Among them, the development scale index, service quality index, and other four primary indicators are all showing a positive growth trend.

"The scale of the industry has grown steadily, the network layout has been more optimized, and the capacity for coordinated development of the industry has been further enhanced." Relevant people from the State Post Bureau said that the express development index has steadily improved in June, and the monthly express business volume has exceeded 10 billion pieces, becoming the norm. In the first half of the year, the revenue of express delivery business is expected to exceed 550 billion yuan, with a year-on-year growth rate of about 11.5%.

Wang Yuehan, director of the Industrial Economy Research Department of the Development Research Center of the State Post Bureau, said that in the first half of 2023, the express industry will have a good momentum of development, actively helping to revive consumption and improve the economy. Since March, the industry has strengthened its capacity building and collaborated deeply with e-commerce to better meet the needs of many holiday promotions and express delivery services, continuously expanding the market scale, and demonstrating full resilience and good potential for the development of the express delivery industry. The per capita frequency of express delivery usage has increased year-on-year, and the industry and residents' lives are becoming increasingly close and widely connected, playing a positive role in realizing people's aspirations for a better life.

While expanding in scale, the development structure of express delivery has also been significantly optimized. In the first half of this year, many provinces in the central and western regions increased policy and factor investment to further accelerate regional development. In the first half of the year, the postal and express delivery industry fully utilized its advantages in gathering industries and smooth circulation, using logistics to promote business flow, better promoting the accelerated recovery of the economy and society, and significantly increasing the speed of non-traditional express delivery. Wang Yuehan said that from within major urban agglomerations, compared to central cities, surrounding cities effectively utilized land, cost and other advantages, accelerated the attraction of industry transfer and settlement, and significantly accelerated industry growth. Driven by the industry, some industries such as e-commerce, warehousing, and manufacturing have also shifted from central cities to surrounding cities, improving the balance of urban development within the region and promoting accelerated development in some cities.

Wang Yuehan stated that in the first half of the year, driven by factors such as policy dividends and consumer recovery, the environment of the express delivery industry continued to improve and high-quality development steadily advanced. In the second half of the year, with the normalization of the operation of new infrastructure, the acceleration of network sinking, and the deepening of industrial integration and development, the growth potential of the industry is still relatively foreseeable.

Not only express delivery data, but multiple logistics indicators such as the logistics industry prosperity index, total turnover of civil aviation transportation, and commodity index have all shown a rebound trend.

The June China Logistics Industry Prosperity Index released by the China Federation of Logistics and Purchasing shows that the industry prosperity index has rebounded by 0.2 percentage points compared to the previous month, the total business volume index has rebounded by 0.2 percentage points month on month, the national logistics new order index has rebounded by 0.7 percentage points month on month, the inventory turnover index has rebounded by 0.8 percentage points month on month, and the equipment utilization index has rebounded by 0.1 percentage points month on month.

In the first half of this year, China's civil aviation industry achieved a total transportation turnover of 53.13 billion tons per kilometer, passenger transportation of 284 million people, and cargo and mail transportation of 3.276 million tons, which were 84.6%, 88.2%, and 93.1% of the same period in 2019, respectively. The industry's transportation production basically recovered to the same level as the same period in 2019.

In addition, in June, the domestic commodity market showed a characteristic of "double prosperity in supply and demand, stability and improvement". The China Commodity Index (CBMI) in June was 102.8, a two month consecutive increase. Meanwhile, the China E-commerce Logistics Index in June was 110.6 points, an increase of 1.1 points compared to the previous month; The total business volume index of e-commerce logistics is 122.7 points, an increase of 2.3 points compared to the previous month, and the growth rate of total business volume has expanded.

According to relevant personnel from the China Federation of Logistics and Procurement, in June, due to the enhanced expectations of stable growth policies, the growth rate of the consumer end was faster than that of the supply end, and the market supply pressure was effectively alleviated. With increased policy support, consumption will further recover moderately in the third quarter, and the vitality of various industries will increase. The economy is expected to continue to recover and improve