China Export Leading Index 41 for April, the Same As March, 2018
[2018-05-10]
For April 2018, China’s Export Leading Index (ELI) was 41, the same as this March. As revealed by online questionnaire survey, this April’s Export Manager Index was 44, down 0.3 from March; New Export Order Index rebounded by 0.1 to 47.9; Export Managers Confidence Index dropped by 0.8 to 50,and Export Enterprises Comprehensive Cost Index dropped by 0.4 to 20.5.
1. Up in Export Manager Indexes of medium and small enterprises: This April, Export Manager Indexes of Chinese medium and small enterprises rose respectively by 0.6 and 1.1 to 39.8 and 40.7, while that of large enterprises dropped by 1.4 to 47.8.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in April, the enterprises revealing YOY rise in their new order value accounted for 30.3%, more by 0.5 percentage point than March; the enterprises revealing YOY fall in the new order value accounted for 37.6%, less by 0.7 percentage point than March; and those revealing no change therein accounted for 32.1%.
3. Less enterprises optimistic about the export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 29.1%, less by 0.3 percentage point than March; those expressing “not optimistic” accounted for 31.6%, more by 0.5 percentage point than March; the enterprises with the same confidence as March accounted for 39.3%.
4. More respondents revealing cost rise: According to the online survey result, this April, the enterprises revealing YOY rise in their export cost accounted for 63.6%, more by 0.4 percentage point than March; those revealing YOY cost equality accounted for 32.1%; and those with YOY cost fall accounted for 4.3%.
According to the survey result by itemized costs in April, the enterprises revealing increase in labor cost accounted for 58.7%, less by 0.2 percentage point than March; those revealing increase in raw-material cost accounted for 56.2%, more by 0.9 percentage point than March; those revealing increase in foreign-exchange cost accounted for 48.3%, more by 1.2 percentage points than March.
1. Up in Export Manager Indexes of medium and small enterprises: This April, Export Manager Indexes of Chinese medium and small enterprises rose respectively by 0.6 and 1.1 to 39.8 and 40.7, while that of large enterprises dropped by 1.4 to 47.8.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in April, the enterprises revealing YOY rise in their new order value accounted for 30.3%, more by 0.5 percentage point than March; the enterprises revealing YOY fall in the new order value accounted for 37.6%, less by 0.7 percentage point than March; and those revealing no change therein accounted for 32.1%.
3. Less enterprises optimistic about the export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 29.1%, less by 0.3 percentage point than March; those expressing “not optimistic” accounted for 31.6%, more by 0.5 percentage point than March; the enterprises with the same confidence as March accounted for 39.3%.
4. More respondents revealing cost rise: According to the online survey result, this April, the enterprises revealing YOY rise in their export cost accounted for 63.6%, more by 0.4 percentage point than March; those revealing YOY cost equality accounted for 32.1%; and those with YOY cost fall accounted for 4.3%.
According to the survey result by itemized costs in April, the enterprises revealing increase in labor cost accounted for 58.7%, less by 0.2 percentage point than March; those revealing increase in raw-material cost accounted for 56.2%, more by 0.9 percentage point than March; those revealing increase in foreign-exchange cost accounted for 48.3%, more by 1.2 percentage points than March.
Source: ETCN
Keywords:China export leading index 2018
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