China Export Leading Index Up in April

[2017-05-09]

For April 2017, China’s Export Leading Index (ELI) reached 40.7, month-on-month (MOM) up by 0.5 from that of March. As revealed by online questionnaire survey, this April’s Export Manager Index rose by 1.0 MOM to 44.8; New Export Order Index rose by 1.8 MOM to 48.2; Export Managers Confidence Index dropped by 0.4 to 50.5; Export Enterprises Comprehensive Cost Index rose by 1.2 to 23.2.

1. Up in Export Manager Indexes of all enterprises: For April, China’s large, medium and small-sized enterprises had Export Manager Indexes up MOM by 1.0, 0.7 and 1.5 respectively to 47.3, 41.9 and 42.8.

2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for April, the enterprises revealing YOY rise in their new order value accounted for 32.4%, more by 1.7 percentage points than March; the enterprises revealing YOY fall in their new order value accounted for 38.2%, less by 2.1 percentage points MOM; and those revealing no change therein accounted for 29.4%.

3. Less enterprises optimistic about export for the next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 29.8%, less by 1,0 percentage point than March; those expressing “not optimistic” accounted for 30.4%, less by 0.6 percentage point MOM.

4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 58.8%, less by 2.5 percentage points than March; those revealing YOY cost evenness accounted for 35.4%; and those with YOY cost fall accounted for 5.8%.

According to the survey in itemized costs for April, the enterprises revealing increase in raw material cost accounted for 54.3%, less by 1.7 percentage points than March; those revealing increase in foreign exchange cost accounted for 33.2%, less by 1.5 percentage points than March; those revealing increase in labor cost accounted for 55.5%, less by 1.6 percentage points than March.
Source: ETCN
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