China Federation of Logistics and Purchasing: China's storage index in July was 50.3%, up 0.1 percentage points from the previous month

The Zhitong Finance App learned that the China Storage Index, which was jointly surveyed by the China Federation of Logistics and Purchasing and China Storage Development Co., Ltd., was 50.3% in July 2026, up 0.1 percentage points from the previous month, and has been in the expansion range for two consecutive months.

Looking at the sub-indices, compared with the previous month, the extended business volume index, the year-end inventory index, the average inventory turnover index, and the enterprise employee index increased, with an increase of 0.2 to 7.8 percentage points; the new orders index, facility utilization index, and business activity expectations index declined, with a decline of 0.2 to 3.5 percentage points.

Yang Biao, deputy general manager of China Storage Development Co., Ltd., believes that in July, the storage index continued to rise slightly under the influence of seasonal climate and extreme weather factors such as high temperatures, rain, and typhoons, indicating that the operation of the warehousing industry is resilient. Although the new orders index has declined, it is still expanding, and demand for the warehousing business has maintained moderate growth; the average inventory turnover index has clearly rebounded, and commodity turnover efficiency has improved; the extended business volume index has risen to a higher level, warehousing business upgrades have accelerated markedly, and value-added service capabilities have been enhanced. In the later stages, as the effects of extreme weather subside and policies such as “six networks” and “two new” continue to advance, demand for warehousing business is expected to be further released, and the operation of the industry will continue to maintain a steady and positive trend.

The new orders index was 51.4%, down 2.6 percentage points from the previous month. By type, the index of new orders for commodities such as coal, food, and daily necessities is higher than 50%, and the index of new orders for products such as steel and home appliances is less than 50%.

The facility utilization index was 50.5%, down 3.5 percentage points from the previous month. By type, the facility utilization index for building materials, food, daily necessities, etc. is higher than 50%, and the facility utilization index for non-ferrous metals, chemical products, etc. is less than 50%.

The inventory index at the end of the period was 47.5%, up 0.2 percentage points from the previous month. By type, the year-end inventory index for building materials, mineral products, food, etc. is higher than 50%, and the year-end inventory index for non-ferrous metals, chemical products, home appliances, etc. is less than 50%.

The average inventory turnover index was 52.5%, up 3 percentage points from the previous month. By type, the average inventory turnover index for non-ferrous metals, coal, food, etc. is higher than 50%, and the average inventory turnover index for steel, household appliances, etc. is less than 50%.

The extended business volume index was 53.8%, up 7.8 percentage points from the previous month; the corporate employee index was 50.9%, up 0.4 percentage points from the previous month; and the expected business activity index was 52.3%, down 0.2 percentage points from the previous month.