China Export Leading Index Up in January 2016
[2016-02-18]
For January 2016, China's Export Leading Index (ELI) reached 31.7, month-on-month up by 0.5 from last December, the first rise since last February, suggesting the export stress will get somewhat easy in the 2nd quarter of 2016. As revealed by an online questionnaire survey, in January, China's Export Management Index reached 33.4, up by 0.7 from Last December; New Export Order Index rose by 1.6 to 33.3 and Export Enterprises Comprehensive Cost Index rose by 0.2 to 29.9, while Export Managers Confidence Index fell by 0.4 to 35.4.
1. Rise in the Export Management Indexes of all enterprises: For January, China's large, medium and small enterprises made their Export Management Indexes up by 0.3, 1.2 and 1.1 to 33.7, 33.0 and 33.7 respectively.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey of January, the enterprises revealing YOY rise in their new order value accounted for 19.9%, more by 1.2 percentage points than Last December; the enterprises revealing YOY fall in their new order value accounted for 52.7%, less by 2.6 percentage points than Last December; and those revealing no change therein accounted for 27.4%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 17.5%, less by 0.3 percentage point than Last December; those expressing “not optimistic” accounted for 47.1%, more by 0.3 percentage point than Last December.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.1%, more by 0.1 percentage point than Last December; those revealing YOY evenness therein accounted for 36.8%; and those revealing YOY fall therein accounted for 11.1%.
According to the survey in itemized costs for January, the enterprises revealing increase in their labor cost accounted for 58.3%, more by 0.3 percentage point than Last December; those revealing increase in their foreign exchange cost accounted for 34.7%, more by 0.5 percentage point than Last December; those revealing increase in raw material cost accounted for 34.9%, less by 0.4 percentage point than last December.
1. Rise in the Export Management Indexes of all enterprises: For January, China's large, medium and small enterprises made their Export Management Indexes up by 0.3, 1.2 and 1.1 to 33.7, 33.0 and 33.7 respectively.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey of January, the enterprises revealing YOY rise in their new order value accounted for 19.9%, more by 1.2 percentage points than Last December; the enterprises revealing YOY fall in their new order value accounted for 52.7%, less by 2.6 percentage points than Last December; and those revealing no change therein accounted for 27.4%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 17.5%, less by 0.3 percentage point than Last December; those expressing “not optimistic” accounted for 47.1%, more by 0.3 percentage point than Last December.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.1%, more by 0.1 percentage point than Last December; those revealing YOY evenness therein accounted for 36.8%; and those revealing YOY fall therein accounted for 11.1%.
According to the survey in itemized costs for January, the enterprises revealing increase in their labor cost accounted for 58.3%, more by 0.3 percentage point than Last December; those revealing increase in their foreign exchange cost accounted for 34.7%, more by 0.5 percentage point than Last December; those revealing increase in raw material cost accounted for 34.9%, less by 0.4 percentage point than last December.
Source: China Customs
Related Articles:
- China Export Leading Index Still Down in August 2015
(2015-09-11) - China Export Leading Index Still Down in July 2015
(2015-08-10) - China Export Leading Index Still Down in June 2015
(2015-07-24) - China Export Leading Index Still Down in May 2015
(2015-07-24) - China Export Leading Index Still Down in April 2015
(2015-07-23) - China Export Leading Index Down in March 2015
(2015-07-23)