China Export Leading Index Down in June 2016
[2016-07-21]
For June 2016, China‘s Export Leading Index (ELI) reached 32.7, month-on-month (MOM) down by 0.4 from May, signaling big downward pressure on export in the third quarter. As revealed by an online questionnaire survey, China‘s June Export Management Index reached 35.9, down by 0.4 MOM; New Export Order Index dropped by 0.1 MOM to 35.4, Export Managers Confidence Index dropped by 1.0 to 40.1, and Export Enterprises Comprehensive Cost Index dropped by 0.1 to 29.0.
1. Fall in the Export Management Indexes of all enterprises: For June, China‘s large, medium and small enterprises made their Export Management Indexes down MOM by 0.4, 0.2 and 0.8 to 36.9, 35.3 and 34.3 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for June, the enterprises revealing YOY rise in their new order value accounted for 20.7%, less by 0.5 percentage points than May; the enterprises revealing YOY fall in their new order value accounted for 50.5%, the same as May; and those revealing no change therein accounted for 28.8%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 20.6%, less by 1.4 percentage points than May; those expressing “not optimistic” accounted for 42.2%, more by 0.6 percentage point than May.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 51.4%, less by 0.2 percentage point than May; those revealing YOY cost evenness accounted for 39.0%; and those revealing YOY cost fall accounted for 9.6%.
According to the survey in itemized costs for June, the enterprises revealing increase in their labor cost accounted for 54.9%, more by 0.1 percentage point than May; those revealing increase in their foreign exchange cost accounted for 34.5%, more by 2.6 percentage points than May; those revealing increase in raw material cost accounted for 38.0%, more by 0.3 percentage point than May.
1. Fall in the Export Management Indexes of all enterprises: For June, China‘s large, medium and small enterprises made their Export Management Indexes down MOM by 0.4, 0.2 and 0.8 to 36.9, 35.3 and 34.3 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for June, the enterprises revealing YOY rise in their new order value accounted for 20.7%, less by 0.5 percentage points than May; the enterprises revealing YOY fall in their new order value accounted for 50.5%, the same as May; and those revealing no change therein accounted for 28.8%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 20.6%, less by 1.4 percentage points than May; those expressing “not optimistic” accounted for 42.2%, more by 0.6 percentage point than May.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 51.4%, less by 0.2 percentage point than May; those revealing YOY cost evenness accounted for 39.0%; and those revealing YOY cost fall accounted for 9.6%.
According to the survey in itemized costs for June, the enterprises revealing increase in their labor cost accounted for 54.9%, more by 0.1 percentage point than May; those revealing increase in their foreign exchange cost accounted for 34.5%, more by 2.6 percentage points than May; those revealing increase in raw material cost accounted for 38.0%, more by 0.3 percentage point than May.
Source: China Customs
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