China Export Leading Index 41.4 for Feb 2018, Down 0.2 from Jan 2018
[2018-03-08]
For February 2018, China’s Export Leading Index (ELI) was 41.4, down by 0.2 from this January. As revealed by online questionnaire survey, this February’s Export Manager Index was 43.8, up 0.4 from January; New Export Order Index dropped by 1.2 to 46.6; Export Managers Confidence Index rose by 2.3 to 51; Export Enterprises Comprehensive Cost Index rose by 1.2 to 21.1.
1. Up in Export Manager Indexes of large-medium enterprises: This February, Export Manager Indexes of Chinese large and medium enterprises rose respectively by 1.1 and 0.4 to 48.1 and 39.6, while that of small enterprises dropped by 1.6 to 39.1.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in February, the enterprises revealing YOY rise in their new order value accounted for 27.8%, less by 3.8 percentage points than January; the enterprises revealing YOY fall in the new order value accounted for 38.5%, the same as that of January; and those revealing no change therein accounted for 33.7%.
3. More enterprises optimistic about the export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 28.9%, more by 0.6 percentage point than January; those expressing “not optimistic” accounted for 30.3%, less by 2.9 percentage points than January; the enterprises with the same confidence as January accounted for 40.8%.
4. Less respondents revealing cost rise: According to the online survey result, this February, the enterprises revealing YOY rise in their export cost accounted for 62.9%, less by 1.7 percentage points than January; those revealing YOY cost evenness accounted for 32.5%; and those with YOY cost fall accounted for 4.6%.
According to the survey result by itemized costs in February, the enterprises revealing increase in labor cost accounted for 58.4%, less by 1.1 percentage points than January; those revealing increase in raw material cost accounted for 55.6%, less by 1.2 percentage points than January; those revealing increase in foreign exchange cost accounted for 47.4%, more by 0.8 percentage point than January.
1. Up in Export Manager Indexes of large-medium enterprises: This February, Export Manager Indexes of Chinese large and medium enterprises rose respectively by 1.1 and 0.4 to 48.1 and 39.6, while that of small enterprises dropped by 1.6 to 39.1.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in February, the enterprises revealing YOY rise in their new order value accounted for 27.8%, less by 3.8 percentage points than January; the enterprises revealing YOY fall in the new order value accounted for 38.5%, the same as that of January; and those revealing no change therein accounted for 33.7%.
3. More enterprises optimistic about the export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 28.9%, more by 0.6 percentage point than January; those expressing “not optimistic” accounted for 30.3%, less by 2.9 percentage points than January; the enterprises with the same confidence as January accounted for 40.8%.
4. Less respondents revealing cost rise: According to the online survey result, this February, the enterprises revealing YOY rise in their export cost accounted for 62.9%, less by 1.7 percentage points than January; those revealing YOY cost evenness accounted for 32.5%; and those with YOY cost fall accounted for 4.6%.
According to the survey result by itemized costs in February, the enterprises revealing increase in labor cost accounted for 58.4%, less by 1.1 percentage points than January; those revealing increase in raw material cost accounted for 55.6%, less by 1.2 percentage points than January; those revealing increase in foreign exchange cost accounted for 47.4%, more by 0.8 percentage point than January.
Source: ETCN
Keywords:China export leading index 2018
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