China inventory index exceeds 50 in February as demand for large-item inventory rises - Chinese report

The February China inventory index, released on the 4th, fell 2.3 points from the previous month to 50.2, remaining above the 50 mark that separates economic expansion from contraction. Demand for warehousing is showing stable growth.
The new orders index has remained at a high level, with the growth in bulk products being particularly notable. After the Lunar New Year holiday, demand for inventory of bulk products such as steel, non-ferrous metals, and machinery and equipment increased, and the new orders index exceeded 50.
The warehouse facility utilization rate index for February was 52.5, the highest level in three months. The ending inventory index was 53.2, remaining at the same level as the previous month.
The end-of-period inventory index for materials, non-ferrous metals, chemical products, machinery and equipment, and home appliances exceeded 50. The business activity expectation index for February was 54, up 2.1 points from the previous month.
The outlook is generally optimistic, with the bulk goods market expected to remain active and warehousing demand to recover, and the industry is expected to maintain a stable recovery.