China Export Leading Index 41.6 for Oct, Down 0.2 from Sept, 2017

[2017-11-10]

For October 2017, China’s Export Leading Index (ELI) was 41.6, down 0.2 from September. As revealed by online questionnaire survey, this October’s Export Manager Index was 43.4, down 0.5 from September; New Export Order Index dropped by 0.7 to 46.4; Export Managers Confidence Index dropped by 1.2 to 49.9; Export Enterprises Comprehensive Cost Index rebounded by 1.2 to 21.1.

1. Down in Export Manager Indexes of all types of enterprises: This October, China’s large, medium and small enterprises’ Export Manager Indexes were down respectively by 0.4, 0.6 and 0.6 to 46.9, 39.7 and 39.8 month-on-month (MOM).

2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in October, the enterprises revealing YOY rise in their new order value accounted for 29.5%, down 1.1 percentage points from September; the enterprises revealing YOY fall in the new order value accounted for 39.4%, the same as in September; and those revealing no change therein accounted for 31.1%.

3. Less enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 28.6%, less by 1.6 percentage points than September; those expressing “not optimistic” accounted for 31.9%, more by 1.1 percentage points MOM; the enterprises with the same confidence as in September accounted for 39.5%.

4. Less respondents revealing cost rise: According to the online survey result, the enterprises revealing YOY rise in their export cost accounted for 62.7%, less by 2.2 percentage points than September; those revealing YOY cost evenness accounted for 32.8%; and those with YOY cost fall accounted for 4.5%.

According to the survey result by itemized costs in October, the enterprises revealing increase in labor cost accounted for 58.6%, less by 0.3 percentage point than September; those revealing increase in raw material cost accounted for 58.3%, less by 0.8 percentage point than September; those revealing increase in foreign exchange cost accounted for 39.7%, less by 4.3 percentage points than September.
 
Source: China Customs