China Export Leading Index Up in June

[2017-07-14]

For June 2017, China’s Export Leading Index (ELI) was 41.5, month-on-month (MOM) up 0.4 from May. As revealed by online questionnaire survey, this June’s Export Manager Index dropped by 0.5 MOM to 44.7; New Export Order Index dropped by 0.3 MOM to 48.5; Export Managers Confidence Index dropped by 1.1 to 49.8; Export Enterprises Comprehensive Cost Index rose by 0.1 to 23.

1. Up in the Export Manager Index of large enterprises: For June, China’s large enterprises had Export Manager Index up MOM by 0.2 to 47.8, while the Index of medium and small-sized enterprises dropped respectively by 1.3 to 41.5 and 41.

2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for June, the enterprises revealing YOY rise in their new order value accounted for 31.7%, less by 1 percentage point than May; the enterprises revealing YOY fall in the new order value accounted for 37.8%, more by 0.5 percentage point MOM; and those revealing no change therein accounted for 30.5%.

3. Less enterprises optimistic about export for the next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 28.2%, less by 0.9 percentage point than May; those expressing “not optimistic” accounted for 31.5%, more by 1.6 percentage points MOM; the enterprises with the same confidence as May accounted for 40.3%.

4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export cost accounted for 59.2%, more by 0.1 percentage point than May; those revealing YOY cost evenness accounted for 35.9%; and those with YOY cost fall accounted for 4.9%.

According to the survey in itemized costs for June, the enterprises revealing increase in labor cost accounted for 56.3%, less by 0.6 percentage point than May; those revealing increase in raw material cost accounted for 51.3%, less by 1.6 percentage points than May; those revealing increase in foreign exchange cost accounted for 34.2%, more by 0.5 percentage point than May.
Source: ETCN
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