China Export Leading Index Up in February 2017
[2017-03-09]
For February 2017, China’s Export Leading Index (ELI) reached 40.2, month-on-month (MOM) up by 1.2 from January. As revealed by an online questionnaire survey, this February’s Export Manager Index rose by 0.1 MOM to 41.6; New Export Order Index rose by 0.2 MOM to 44.1; Export Managers Confidence Index rose by 0.6 to 47.8; Export Enterprises Comprehensive Cost Index dropped by 1.2 to 21.6.
1. Up in Export Manager Indexes of large, medium and small enterprises: For February, China’s large, medium and small-sized enterprises made their Export Manager Indexes up MOM by 0.1, 0.3 and 0.2 respectively to 43.7, 39.3 and 39.9.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for February, the enterprises revealing YOY rise in their new order value accounted for 28.4%, less by 0.2 percentage point than January; the enterprises revealing YOY fall in their new order value accounted for 41.7%, less by 0.4 percentage point MOM; and those revealing no change therein accounted for 29.9%.
3. More enterprises optimistic about the export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 28.2%, more by 1.6 percentage points than January; those expressing “not optimistic” accounted for 34%, the same as January.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 61.9%, more by 1.3 percentage points than January; those revealing YOY cost evenness accounted for 33%; and those revealing YOY cost fall accounted for 5.1%.
According to the survey in itemized costs for February, the enterprises revealing increase in labor cost accounted for 56.8%, less by 1.3 percentage points than January; those revealing increase in foreign exchange cost accounted for 35.8%, less by 1.4 percentage points than January; those revealing increase in raw material cost accounted for 57.4%, more by 1.9 percentage points than January.
1. Up in Export Manager Indexes of large, medium and small enterprises: For February, China’s large, medium and small-sized enterprises made their Export Manager Indexes up MOM by 0.1, 0.3 and 0.2 respectively to 43.7, 39.3 and 39.9.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for February, the enterprises revealing YOY rise in their new order value accounted for 28.4%, less by 0.2 percentage point than January; the enterprises revealing YOY fall in their new order value accounted for 41.7%, less by 0.4 percentage point MOM; and those revealing no change therein accounted for 29.9%.
3. More enterprises optimistic about the export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 28.2%, more by 1.6 percentage points than January; those expressing “not optimistic” accounted for 34%, the same as January.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 61.9%, more by 1.3 percentage points than January; those revealing YOY cost evenness accounted for 33%; and those revealing YOY cost fall accounted for 5.1%.
According to the survey in itemized costs for February, the enterprises revealing increase in labor cost accounted for 56.8%, less by 1.3 percentage points than January; those revealing increase in foreign exchange cost accounted for 35.8%, less by 1.4 percentage points than January; those revealing increase in raw material cost accounted for 57.4%, more by 1.9 percentage points than January.
Source: China Customs
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