China Export Leading Index 41.8 in Sept, Down from Aug

For September 2017, China’s Export Leading Index (ELI) was 41.8, down 0.1 from this August. As revealed by online questionnaire survey, this Sept’s Export Manager Index was 43.9, down 0.8 from August; New Export Order Index dropped by 0.7 to 47.1; Export Managers Confidence Index rose by 0.2 to 51.1; Export Enterprises Comprehensive Cost Index dropped 2.7 to 19.9.

1. Down in Export Manager Index of large and medium enterprises: For September, China’s large and medium enterprises had Export Manager Indexes down respectively by 1.1 and 1.0 to 47.3 and 40.3, while small enterprises up 0.7 to 40.4.

2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for September, the enterprises revealing YOY rise in their new order value accounted for 30.6%, down 0.6 percentage point from August; the enterprises revealing YOY fall in the new order value accounted for 39.4%, more by 0.1 percentage point than August; and those revealing no change therein accounted for 30%.

3. More enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 30.2%, more by 0.2 percentage point than August; those expressing “not optimistic” accounted for 30.8%, less by 0.7 percentage point; the enterprises with the same confidence as in August accounted for 39%.

4. More respondents revealing cost rise: According to the online survey result, the enterprises revealing YOY rise in their export cost accounted for 64.9%, more by 4.6 percentage points than August; those revealing YOY cost evenness accounted for 30.6%; and those with YOY cost fall accounted for 4.5%.

According to the survey result by itemized costs for September, the enterprises revealing increase in labor cost accounted for 58.9%, more by 2.8 percentage points than August; those revealing increase in raw material cost accounted for 59.1%, more by 3.9 percentage points than August; those revealing increase in foreign exchange cost accounted for 44%, more by 7.5 percentage points than August.