According to the China Federation of logistics and purchasing on February 10, the China Express Logistics index released by China Federation of logistics and purchasing in January 2022 was 99.9%, down 1 percentage point from the previous month. From the sub index, due to the tight market demand in China and the influence of seasonal short-term factors, the business Express index fell slightly to 99.5%, down 0.8 percentage points from the previous month; The vigorous consumption on the front line of the festival led to the further expansion of the sinking market. The rural express index reached 104.3%, up 4.2 percentage points from the previous month. Overall, at the beginning of the year, China’s economy basically maintained a recovery trend, but factors such as tight market demand and multi-point spread of the epidemic restricted the activity and index recovery of relevant industries. Recently, the express logistics index continued to operate at a low level.
The manufacturing business Express index fell slightly. In January, the business Express index of manufacturing industry was 101.1%, down 1.3 percentage points from the previous month, and 11 of the 21 categories of manufacturing industry were higher than 100%. In terms of industries, the bulk raw material market has maintained a stable operation, and the relevant prosperity has warmed up. The business Express index of ferrous metal processing industry and non-ferrous metal processing industry was 99.7% and 97.8%, up 3.3 and 1.5 percentage points from the previous month. The business Express index of chemical raw material products industry and chemical plastic products industry rebounded slightly to 99.2% and 96.3%. The overall activity of the equipment manufacturing industry slowed down. The business Express index of electrical machinery manufacturing industry, communication electronic equipment manufacturing industry, automobile manufacturing industry, transportation equipment manufacturing industry and general equipment manufacturing industry fell by 1.7-4.5 percentage points respectively. Although the relevant indexes fell, they still remained above 100%. The trend of household consumption related manufacturing industry is divided. Under the influence of frequent outbreaks, the demand of food, wine and beverage related industries slowed down in the short term, and the business Express index of agricultural and sideline food processing industry and food, wine and beverage manufacturing industry fell by 4.1 and 1.3 percentage points respectively. Driven by Holiday factors, the textile industry and tobacco products industry rebounded slightly to 99.2% and 102.8%.
Business activity in the service industry remained low. In January, the business Express index of the service industry was 98.6%, down 0.2 percentage points from the previous month, and 6 of the 14 categories of the service industry were higher than 100%. By industry, the real estate industry and construction industry remained relatively active, with the index of 102.2%, up 2.2 and 1.6 percentage points from the previous month. The index of basic production and service industry rose and fell. Among them, the business activity of information technology service industry and wholesale and retail industry increased, and the relevant business Express index rebounded slightly by 1.2 and 0.8 percentage points over the previous month. The business Express index of transportation, finance, education and scientific research technology fell to varying degrees, ranging from 0.1 to 3.5. Business activities related to consumer related services continued to operate at a low level. Affected by the multi-point spread of the epidemic, the business Express indexes of accommodation, catering and rental services were 86.3% and 93.3% respectively, which continued to operate at a low level and fell slightly compared with the previous month. Driven by Holiday factors, sports and entertainment rebounded slightly by 3.7 percentage points this month.
The employment index rose continuously. In January, the employment index was 99.9%, up 3.7 percentage points from the previous month. In terms of regions, pre holiday Wuxi Online Offline Communication Information Technology Co.Ltd(300959) consumption stimulated the expansion of employment demand in the short term, and the personnel index in the eastern and western regions rebounded to varying degrees, reaching 103.3% and 98% respectively. Under the influence of weather and epidemic situation, the personnel index in Northeast and central China was 98.6% and 97.6%, down 2.7 and 5 percentage points respectively.
Business convenience improved slightly. In January, the convenience index was 57.1%, up 1.7 percentage points from the previous month. In terms of sub items, the epidemic prevention and control has been effective. The traffic convenience index and public facilities convenience index are generally stable compared with the previous month, 54.5% and 53.5% respectively, up slightly by 0.3 and 0.4 percentage points compared with the previous month; The delivery convenience index was 58%, rising slightly by 1 percentage point. Only the convenience of government services decreased slightly by 3 percentage points to 62.4% this month.
