China's Export Leading Index (ELI) 41.9 in July, Up 0.4 from June

[2017-08-08]

For July 2017, China’s Export Leading Index (ELI) was 41.9, month-on-month (MOM) up 0.4 from June. As revealed by online questionnaire survey, this July’s Export Manager Index was 44.9, up 0.2 from June; New Export Order Index dropped by 0.1 MOM to 48.4; Export Managers Confidence Index rose by 0.8 to 50.6; Export Enterprises Comprehensive Cost Index rose by 0.2 to 23.2.

1. Up in the Export Manager Index of large-medium enterprises: For July, China’s large and medium enterprises had Export Manager Indexes up MOM by 0.7 and 0.3 to 48.5 and 41.8 respectively, while such Index of small enterprises dropped by 1.0 to 40.

2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for July, the enterprises revealing YOY rise in their new order value accounted for 31.2%, less by 0.5 percentage point than June; the enterprises revealing YOY fall in the new order value accounted for 38.2%, more by 0.4 percentage point than June; and those revealing no change therein accounted for 30.6%.

3. More enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 28.7%, more by 0.5 percentage point than June; those expressing “not optimistic” accounted for 31%, less by 0.5 percentage point MOM; the enterprises with the same confidence as in June accounted for 40.3%.

4. Less respondents revealing cost rise: According to the online survey result, the enterprises revealing YOY rise in their export cost accounted for 59%, less by 0.2 percentage point than June; those revealing YOY cost evenness accounted for 36.2%; and those with YOY cost fall accounted for 4.8%.

According to the survey result by itemized costs for July, the enterprises revealing increase in labor cost accounted for 57%, more by 0.7 percentage point than June; those revealing increase in raw material cost accounted for 51.5%, more by 0.2 percentage point than June; those revealing increase in foreign exchange cost accounted for 35%, more by 0.8 percentage point than June.
 
Source: China Customs
Related Articles: