China Export Leading Index 41.6 for Jan 2018, Up 0.5 from Dec 2017
[2018-02-09]
For January 2018, China’s Export Leading Index (ELI) was 41.6, up 0.5 from December 2017. As revealed by online questionnaire survey, this January’s Export Manager Index was 43.4, down 0.8 from last December; New Export Order Index dropped by 0.5 to 47.8; Export Managers Confidence Index dropped by 1.3 to 48.7; Export Enterprises Comprehensive Cost Index dropped by 0.6 to 19.9.
1. Down in Export Manager Indexes of all enterprises: This January, Export Manager Indexes of Chinese large, medium and small enterprises went down by 0.4, 1.1 and 1.4 to 47, 39.2 and 40.7 respectively from last December.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in January, the enterprises revealing YOY rise in their new order value accounted for 31.6%, less by 0.6 percentage point than last December; the enterprises revealing YOY fall in the new order value accounted for 38.5%, more by 1.0 percentage point than last December; and those revealing no change therein accounted for 29.9%.
3. Less enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 28.3%, less by 0.4 percentage point than last December; those expressing “not optimistic” accounted for 33.2%, more by 2.2 percentage points than last December; the enterprises with the same confidence as last December accounted for 38.5%.
4. More respondents revealing cost rise: According to the online survey result, this January, the enterprises revealing YOY rise in their export cost accounted for 64.6%, more by 1.5 percentage points than last December; those revealing YOY cost evenness accounted for 31.3%; and those with YOY cost fall accounted for 4.1%.
According to the survey result by itemized costs in January, the enterprises revealing increase in labor cost accounted for 59.5%, more by 0.7 percentage point than last December; those revealing increase in raw material cost accounted for 56.8%, less by 0.2 percentage point than last December; those revealing increase in foreign exchange cost accounted for 46.6%, more by 7.4 percentage points than last December.
1. Down in Export Manager Indexes of all enterprises: This January, Export Manager Indexes of Chinese large, medium and small enterprises went down by 0.4, 1.1 and 1.4 to 47, 39.2 and 40.7 respectively from last December.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in January, the enterprises revealing YOY rise in their new order value accounted for 31.6%, less by 0.6 percentage point than last December; the enterprises revealing YOY fall in the new order value accounted for 38.5%, more by 1.0 percentage point than last December; and those revealing no change therein accounted for 29.9%.
3. Less enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 28.3%, less by 0.4 percentage point than last December; those expressing “not optimistic” accounted for 33.2%, more by 2.2 percentage points than last December; the enterprises with the same confidence as last December accounted for 38.5%.
4. More respondents revealing cost rise: According to the online survey result, this January, the enterprises revealing YOY rise in their export cost accounted for 64.6%, more by 1.5 percentage points than last December; those revealing YOY cost evenness accounted for 31.3%; and those with YOY cost fall accounted for 4.1%.
According to the survey result by itemized costs in January, the enterprises revealing increase in labor cost accounted for 59.5%, more by 0.7 percentage point than last December; those revealing increase in raw material cost accounted for 56.8%, less by 0.2 percentage point than last December; those revealing increase in foreign exchange cost accounted for 46.6%, more by 7.4 percentage points than last December.
Source: ETCN
Keywords:Chinaexport leading index
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