China Export Leading Index Up in August 2016
[2016-10-13]
For August 2016, China’s Export Leading Index (ELI) reached 34.7, month-on-month (MOM) up by 0.9 from July, signaling light pressure on export in the fourth quarter. As revealed by an online questionnaire survey, China’s August Export Management Index reached 38.7, up by 1.8 MOM; New Export Order Index rose by 2.1 MOM to 38.4, and Export Managers Confidence Index rose by 2.1 to 44.5, while Export Enterprises Comprehensive Cost Index dropped by 0.1 to 27.9.
1. Rebound in the Export Management Indexes of all enterprises: For August, China’s large, medium and small enterprises made their Export Management Indexes up MOM by 1.7, 2.2 and 1.1 to 39.7, 37.5 and 37.8 respectively.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for August, the enterprises revealing YOY rise in their new order value accounted for 24.9%, more by 1.8 percentage points than July; the enterprises revealing YOY fall in their new order value accounted for 48.4%, less by 2.1 percentage points than July; and those revealing no change therein accounted for 26.7%.
3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 25.1%, more by 0.8 percentage point than July; those expressing “not optimistic” accounted for 37.7%, less by 3.2 percentage points than July.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.9%, more by 0.2 percentage point than July; those revealing YOY cost evenness accounted for 38.8%; and those revealing YOY cost fall accounted for 8.3%.
According to the survey in itemized costs for August, the enterprises revealing increase in their labor cost accounted for 55.4%, more by 0.1 percentage point than July; those revealing increase in their raw material cost accounted for 39.8%, more by 0.1 percentage point than July; those revealing increase in foreign exchange cost accounted for 33.5%, less by 0.6 percentage point than July.
1. Rebound in the Export Management Indexes of all enterprises: For August, China’s large, medium and small enterprises made their Export Management Indexes up MOM by 1.7, 2.2 and 1.1 to 39.7, 37.5 and 37.8 respectively.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for August, the enterprises revealing YOY rise in their new order value accounted for 24.9%, more by 1.8 percentage points than July; the enterprises revealing YOY fall in their new order value accounted for 48.4%, less by 2.1 percentage points than July; and those revealing no change therein accounted for 26.7%.
3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 25.1%, more by 0.8 percentage point than July; those expressing “not optimistic” accounted for 37.7%, less by 3.2 percentage points than July.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.9%, more by 0.2 percentage point than July; those revealing YOY cost evenness accounted for 38.8%; and those revealing YOY cost fall accounted for 8.3%.
According to the survey in itemized costs for August, the enterprises revealing increase in their labor cost accounted for 55.4%, more by 0.1 percentage point than July; those revealing increase in their raw material cost accounted for 39.8%, more by 0.1 percentage point than July; those revealing increase in foreign exchange cost accounted for 33.5%, less by 0.6 percentage point than July.
Source: China Customs
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