China Export Leading Index Down in October 2016
[2016-11-10]
For October 2016, China's Export Leading Index (ELI) reached 35.6, month-on-month (MOM) down by 0.2 from September, ending three-month uptrend. As revealed by an online questionnaire survey, China's October Export Manager Index reached 39.2, down by 0.7 MOM; New Export Order Index dropped by 0.8 MOM to 39.5; Export Managers Confidence Index dropped by 0.7 to 44.8; Export Enterprises Comprehensive Cost Index dropped by 0.2 to 27.4.
1. Dropped Export Manager Indexes of all types of enterprises: For October, China's large, medium and small enterprises made their Export Manager Indexes down MOM by 0.7, 0.6 and 0.8 to 40.7, 38.1 and 37 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for October, the enterprises revealing YOY rise in their new order value accounted for 24.9%, less by 1.7 percentage points than September; the enterprises revealing YOY fall in their new order value accounted for 47.8%, more by 0.7 percentage point than September; and those revealing no change therein accounted for 27.3%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 25.7%, less by 0.2 percentage point than September; those expressing “not optimistic” accounted for 38%, more by 0.8 percentage point than September.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.5%, less by 0.2 percentage point than September; those revealing YOY cost evenness accounted for 39.4%; and those revealing YOY cost fall accounted for 8.1%.
According to the survey in itemized costs for October, the enterprises revealing increase in labor cost accounted for 54.4%, less by 0.4 percentage point than September; those revealing increase in raw material cost accounted for 43.1%, more by 2.1 percentage points than September; those revealing increase in foreign exchange cost accounted for 34.7%, the same as September.
1. Dropped Export Manager Indexes of all types of enterprises: For October, China's large, medium and small enterprises made their Export Manager Indexes down MOM by 0.7, 0.6 and 0.8 to 40.7, 38.1 and 37 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for October, the enterprises revealing YOY rise in their new order value accounted for 24.9%, less by 1.7 percentage points than September; the enterprises revealing YOY fall in their new order value accounted for 47.8%, more by 0.7 percentage point than September; and those revealing no change therein accounted for 27.3%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 25.7%, less by 0.2 percentage point than September; those expressing “not optimistic” accounted for 38%, more by 0.8 percentage point than September.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.5%, less by 0.2 percentage point than September; those revealing YOY cost evenness accounted for 39.4%; and those revealing YOY cost fall accounted for 8.1%.
According to the survey in itemized costs for October, the enterprises revealing increase in labor cost accounted for 54.4%, less by 0.4 percentage point than September; those revealing increase in raw material cost accounted for 43.1%, more by 2.1 percentage points than September; those revealing increase in foreign exchange cost accounted for 34.7%, the same as September.
Source: China Customs
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