China Export Leading Index 41.8 for Nov, Up 0.2 from Oct, 2017
[2017-12-08]
For November 2017, China’s Export Leading Index (ELI) was 41.8, up 0.2 from October. As revealed by online questionnaire survey, this November’s Export Manager Index was 44.8, up 1.4 from October; New Export Order Index rose by 2.3 to 48.7; Export Managers Confidence Index rose by 1.3 to 51.2; Export Enterprises Comprehensive Cost Index dropped by 1.0 to 20.1.
1. Up in Export Manager Indexes of all types of enterprises: This November, China’s large, medium and small enterprises’ Export Manager Indexes went up respectively by 1.1, 1.9 and 1.2 to 48, 41.6 and 41 month-on-month (MOM).
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in November, the enterprises revealing YOY rise in their new order value accounted for 32.3%, up 2.8 percentage points from October; the enterprises revealing YOY fall in the new order value accounted for 37.9%, less by 1.5 percentage points than in October; and those revealing no change therein accounted for 37.8%.
3. More enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 30.1%, more by 1.5 percentage points than October; those expressing “not optimistic” accounted for 30.5%, less by 1.4 percentage points MOM; the enterprises with the same confidence as in October accounted for 39.4%.
4. More respondents revealing cost rise: According to the online survey result, the enterprises revealing YOY rise in their export cost accounted for 64.3%, more by 1.6 percentage points than October; those revealing YOY cost evenness accounted for 31.5%; and those with YOY cost fall accounted for 4.2%.
According to the survey result by itemized costs in November, the enterprises revealing increase in labor cost accounted for 60.2%, more by 1.6 percentage points than October; those revealing increase in raw material cost accounted for 59%, more by 0.7 percentage point than October; those revealing increase in foreign exchange cost accounted for 37.6%, less by 2.1 percentage points than October.
1. Up in Export Manager Indexes of all types of enterprises: This November, China’s large, medium and small enterprises’ Export Manager Indexes went up respectively by 1.1, 1.9 and 1.2 to 48, 41.6 and 41 month-on-month (MOM).
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in November, the enterprises revealing YOY rise in their new order value accounted for 32.3%, up 2.8 percentage points from October; the enterprises revealing YOY fall in the new order value accounted for 37.9%, less by 1.5 percentage points than in October; and those revealing no change therein accounted for 37.8%.
3. More enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 30.1%, more by 1.5 percentage points than October; those expressing “not optimistic” accounted for 30.5%, less by 1.4 percentage points MOM; the enterprises with the same confidence as in October accounted for 39.4%.
4. More respondents revealing cost rise: According to the online survey result, the enterprises revealing YOY rise in their export cost accounted for 64.3%, more by 1.6 percentage points than October; those revealing YOY cost evenness accounted for 31.5%; and those with YOY cost fall accounted for 4.2%.
According to the survey result by itemized costs in November, the enterprises revealing increase in labor cost accounted for 60.2%, more by 1.6 percentage points than October; those revealing increase in raw material cost accounted for 59%, more by 0.7 percentage point than October; those revealing increase in foreign exchange cost accounted for 37.6%, less by 2.1 percentage points than October.
Source: China Customs
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