China Export Leading Index Down in February 2016
[2016-06-17]
For February 2016, China's Export Leading Index (ELI) reached 31.3, month-on-month down by 0.4 from January. As revealed by an online questionnaire survey, in February, China's Export Management Index reached 32.7, down by 0.7 from January; New Export Order Index fell by 1.4 to 31.9 and Export Enterprises Comprehensive Cost Index fell by 0.1 to 29.8, while Export Managers Confidence Index rose by 0.1 to 35.5.
1. Fall in the Export Management Indexes of all enterprises: For February, China's large, medium and small enterprises made their Export Management Indexes down by 0.3, 1.2 and 1.1 to 33.4, 31.8 and 32.6 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey of February, the enterprises revealing YOY rise in their new order value accounted for 17.6%, less by 2.3 percentage points than January; the enterprises revealing YOY fall in their new order value accounted for 54.4%, more by 1.7 percentage points than January; and those revealing no change therein accounted for 28.0%.
3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic"accounted for 18.5%, more by 1.0 percentage point than January; those expressing "not optimistic"accounted for 47.4%, more by 0.3 percentage point than January.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 50.9%, less by 1.2 percentage points than January; those revealing YOY evenness therein accounted for 38.8%; and those revealing YOY fall therein accounted for 10.3%.
According to the survey in itemized costs for February, the enterprises revealing increase in their labor cost accounted for 57.5%, less by 0.8 percentage point than January; those revealing increase in their foreign exchange cost accounted for 34.2%, less by 0.5 percentage point than January; those revealing increase in raw material cost accounted for 35.2%, more by 0.3 percentage point than January.
1. Fall in the Export Management Indexes of all enterprises: For February, China's large, medium and small enterprises made their Export Management Indexes down by 0.3, 1.2 and 1.1 to 33.4, 31.8 and 32.6 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey of February, the enterprises revealing YOY rise in their new order value accounted for 17.6%, less by 2.3 percentage points than January; the enterprises revealing YOY fall in their new order value accounted for 54.4%, more by 1.7 percentage points than January; and those revealing no change therein accounted for 28.0%.
3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic"accounted for 18.5%, more by 1.0 percentage point than January; those expressing "not optimistic"accounted for 47.4%, more by 0.3 percentage point than January.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 50.9%, less by 1.2 percentage points than January; those revealing YOY evenness therein accounted for 38.8%; and those revealing YOY fall therein accounted for 10.3%.
According to the survey in itemized costs for February, the enterprises revealing increase in their labor cost accounted for 57.5%, less by 0.8 percentage point than January; those revealing increase in their foreign exchange cost accounted for 34.2%, less by 0.5 percentage point than January; those revealing increase in raw material cost accounted for 35.2%, more by 0.3 percentage point than January.
Source: China customs
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