China Export Leading Index Up in September 2016
[2016-10-13]
For September 2016, China’s Export Leading Index (ELI) reached 35.8, month-on-month (MOM) up by 1.1 from August, signaling light pressure on export in the fourth quarter. As revealed by an online questionnaire survey, China’s September Export Management Index reached 39.9, up by 1.2 MOM; New Export Order Index rose by 1.9 MOM to 40.3, and Export Managers Confidence Index rose by 1.0 to 45.5, while Export Enterprises Comprehensive Cost Index dropped by 0.3 to 27.6.
1. Rebound in the Export Management Indexes of large and medium enterprises: For Sept, China’s large and medium enterprises made their Export Management Indexes up MOM by 1.7 and 1.2 to 41.4 and 38.7 respectively, while the index of small enterprises remained 37.8 as July.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for September, the enterprises revealing YOY rise in their new order value accounted for 26.6%, more by 1.7 percentage points than August; the enterprises revealing YOY fall in their new order value accounted for 47.1%, less by 1.3 percentage points than August; and those revealing no change therein accounted for 26.3%.
3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 25.9%, more by 0.8 percentage point than August; those expressing “not optimistic” accounted for 37.2%, less by 0.5 percentage point than August.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.7%, less by 0.2 percentage point than August; those revealing YOY cost evenness accounted for 39.2%; and those revealing YOY cost fall accounted for 8.1%.
According to the survey in itemized costs for September, the enterprises revealing increase in their labor cost accounted for 54.8%, less by 0.6 percentage point than August; those revealing increase in their raw material cost accounted for 41%, more by 1.2 percentage points than August; those revealing increase in foreign exchange cost accounted for 34.7%, also more by 1.2 percentage points MOM.
1. Rebound in the Export Management Indexes of large and medium enterprises: For Sept, China’s large and medium enterprises made their Export Management Indexes up MOM by 1.7 and 1.2 to 41.4 and 38.7 respectively, while the index of small enterprises remained 37.8 as July.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for September, the enterprises revealing YOY rise in their new order value accounted for 26.6%, more by 1.7 percentage points than August; the enterprises revealing YOY fall in their new order value accounted for 47.1%, less by 1.3 percentage points than August; and those revealing no change therein accounted for 26.3%.
3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 25.9%, more by 0.8 percentage point than August; those expressing “not optimistic” accounted for 37.2%, less by 0.5 percentage point than August.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.7%, less by 0.2 percentage point than August; those revealing YOY cost evenness accounted for 39.2%; and those revealing YOY cost fall accounted for 8.1%.
According to the survey in itemized costs for September, the enterprises revealing increase in their labor cost accounted for 54.8%, less by 0.6 percentage point than August; those revealing increase in their raw material cost accounted for 41%, more by 1.2 percentage points than August; those revealing increase in foreign exchange cost accounted for 34.7%, also more by 1.2 percentage points MOM.
Source: China Customs
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