China Export Leading Index 41 for March, Down 0.4 from Feb 2018
[2018-04-08]
For March 2018, China’s Export Leading Index (ELI) was 41, down by 0.4 from this February. As revealed by online questionnaire survey, this March’s Export Manager Index was 44.3, up 0.5 from February; New Export Order Index rebounded by 1.2 to 47.8; Export Managers Confidence Index dropped by 0.2 to 50.8,and Export Enterprises Comprehensive Cost Index dropped by 0.2 to 20.9.
1. Up in Export Manager Indexes of large and small enterprises: This March, Export Manager Indexes of Chinese large and small enterprises rose respectively by 1.1 and 0.5 to 49.2 and 39.6, while that of medium enterprises dropped by 0.4 to 39.2.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in March, the enterprises revealing YOY rise in their new order value accounted for 29.8%, more by 2 percentage points than February; the enterprises revealing YOY fall in the new order value accounted for 38.3%, less by 0.2 percentage point than February; and those revealing no change therein accounted for 31.9%.
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 29.4%, more by 0.5 percentage point than February; those expressing “not optimistic” accounted for 31.1%, more by 0.8 percentage point than February; the enterprises with the same confidence as February accounted for 39.5%.
4. More respondents revealing cost rise: According to the online survey result, this March, the enterprises revealing YOY rise in their export cost accounted for 63.1%, more by 0.2 percentage point than February; those revealing YOY cost evenness accounted for 32.4%; and those with YOY cost fall accounted for 4.5%.
According to the survey result by itemized costs in March, the enterprises revealing increase in labor cost accounted for 58.9%, more by 0.5 percentage point than February; those revealing increase in raw material cost accounted for 55.3%, less by 0.3 percentage point than February; those revealing increase in foreign exchange cost accounted for 47.1%, less by 0.3 percentage point than February.
1. Up in Export Manager Indexes of large and small enterprises: This March, Export Manager Indexes of Chinese large and small enterprises rose respectively by 1.1 and 0.5 to 49.2 and 39.6, while that of medium enterprises dropped by 0.4 to 39.2.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in March, the enterprises revealing YOY rise in their new order value accounted for 29.8%, more by 2 percentage points than February; the enterprises revealing YOY fall in the new order value accounted for 38.3%, less by 0.2 percentage point than February; and those revealing no change therein accounted for 31.9%.
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 29.4%, more by 0.5 percentage point than February; those expressing “not optimistic” accounted for 31.1%, more by 0.8 percentage point than February; the enterprises with the same confidence as February accounted for 39.5%.
4. More respondents revealing cost rise: According to the online survey result, this March, the enterprises revealing YOY rise in their export cost accounted for 63.1%, more by 0.2 percentage point than February; those revealing YOY cost evenness accounted for 32.4%; and those with YOY cost fall accounted for 4.5%.
According to the survey result by itemized costs in March, the enterprises revealing increase in labor cost accounted for 58.9%, more by 0.5 percentage point than February; those revealing increase in raw material cost accounted for 55.3%, less by 0.3 percentage point than February; those revealing increase in foreign exchange cost accounted for 47.1%, less by 0.3 percentage point than February.
Source: ETCN
Keywords:China export leading index 2018
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