China Export Leading Index Down Mildly in Aug. 2014
[2014-09-12 13:10:44]
This August, China's Export Leading Index (ELI) reached 41.9, down by 0.7 from this July. As revealed by an online questionnaire survey, for this August, China's Export Management Index reached 42.3, down by 0.7 from July; its New Export Order Index reached 45.5, down by 1.2 from July, and Export Managers Confidence Index was 47.6, down by 0.2 from July, while Export Enterprises Comprehensive Cost Index reached 22.4, up by 0.4 from July.
1. Fall in the Export Management Indexes of China's medium and large enterprises: This August, its medium and large enterprises' Export Management Indexes respectively reached 41.5 and 46.5, down by 2.8 and 0.6 from July respectively, while its small-sized enterprises' Export Management Index was 40.5, up by 0.4 from July.
2. Fewer enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for this August, the enterprises revealing YOY rise in their new order value accounted for 29.4%, less by 1.4 percentage points than July; the enterprises revealing YOY fall in their new order value accounted for 41.8%, more by 1.7 percentage points than July; and those revealing no change therein accounted for 28.8%.
3. Fewer enterprises optimistic about their exports in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" about their exports in next 2-3 months accounted for 25.5%, less by 1.3 percentage points than July; and those expressing "not optimistic" thereabout accounted for 35%, more by 0.1 percentage point than July.
4. First increase in the respondents revealing exchange cost increase: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 61.3%, more by 0.2 percentage point than July; those revealing YOY evenness therein accounted for 33.7%; and those revealing YOY fall therein accounted for 5%.
According to the survey in itemized costs for August, the enterprises revealing increases in their labor cost and raw materials cost accounted respectively for 63.3% and 44.7%, less than July by 0.4 and 0.6 percentage points respectively; those revealing increase in foreign exchange cost accounted for 40.1%, more than July by 2.3 percentage points, an increase for the first time since 2014.
1. Fall in the Export Management Indexes of China's medium and large enterprises: This August, its medium and large enterprises' Export Management Indexes respectively reached 41.5 and 46.5, down by 2.8 and 0.6 from July respectively, while its small-sized enterprises' Export Management Index was 40.5, up by 0.4 from July.
2. Fewer enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for this August, the enterprises revealing YOY rise in their new order value accounted for 29.4%, less by 1.4 percentage points than July; the enterprises revealing YOY fall in their new order value accounted for 41.8%, more by 1.7 percentage points than July; and those revealing no change therein accounted for 28.8%.
3. Fewer enterprises optimistic about their exports in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" about their exports in next 2-3 months accounted for 25.5%, less by 1.3 percentage points than July; and those expressing "not optimistic" thereabout accounted for 35%, more by 0.1 percentage point than July.
4. First increase in the respondents revealing exchange cost increase: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 61.3%, more by 0.2 percentage point than July; those revealing YOY evenness therein accounted for 33.7%; and those revealing YOY fall therein accounted for 5%.
According to the survey in itemized costs for August, the enterprises revealing increases in their labor cost and raw materials cost accounted respectively for 63.3% and 44.7%, less than July by 0.4 and 0.6 percentage points respectively; those revealing increase in foreign exchange cost accounted for 40.1%, more than July by 2.3 percentage points, an increase for the first time since 2014.
Source: China Customs
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