China Export Leading Index of March Even with Feb. 2017

[2017-04-19]

For March 2017, China’s Export Leading Index (ELI) reached 40.2, month-on-month (MOM) even with that of February. As revealed by online questionnaire survey, this March’s Export Manager Index rose by 2.2 MOM to 43.8; New Export Order Index rose by 2.2 MOM to 46.4; Export Managers Confidence Index rose by 3.0 to 50.9; Export Enterprises Comprehensive Cost Index rose by 0.4 to 22.

1. Up in Export Manager Indexes of large, medium and small enterprises: For March, China’s large, medium and small-sized enterprises made their Export Manager Indexes up MOM by 2.6, 2 and 1.5 respectively to 46.3, 41.2 and 41.3.

2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for March, the enterprises revealing YOY rise in their new order value accounted for 30.7%, more by 2.4 percentage points than February; the enterprises revealing YOY fall in their new order value accounted for 40.3%, less by 1.4 percentage points MOM; and those revealing no change therein accounted for 29%.

3. More enterprises optimistic about the export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 30.8%, more by 2.6 percentage points than February; those expressing “not optimistic” accounted for 31%, less by 3 percentage points MOM.

4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 61.3%, less by 0.6 percentage point than February; those revealing YOY cost evenness accounted for 33.3%; and those revealing YOY cost fall accounted for 5.4%.

According to the survey in itemized costs for March, the enterprises revealing increase in raw material cost accounted for 56%, less by 1.4 percentage points than February; those revealing increase in foreign exchange cost accounted for 34.7%, less by 1.1 percentage points than February; those revealing increase in labor cost accounted for 57.1%, more by 0.3 percentage point than February.
Source: ETCN
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