China Export Leading Index of Sept. Up 1.4 from Aug. 2014

This September, China's Export Leading Index (ELI) reached 43.3, up by 1.4 from this August. As revealed by an online questionnaire survey, for this September, China's Export Management Index reached 44.8, up by 2.5 from August; its New Export Order Index reached 48, up by 2.5 from August, and Export Managers Confidence Index was 50.9, up by 3.3 from August, while Export Enterprises Comprehensive Cost Index reached 23.2, up by 0.8 from August.

1. Obvious difference in the Export Management Indexes of China's small, medium and large enterprises (From this September, the division of small, medium and large enterprises will be adjusted: as per the export value in 2013, an enterprise with the value lower than USD 10 Million will be classified into small enterprises; an enterprise with the value more than USD 100 Million will be classified into large enterprises; an enterprise with the value between USD 10-100 Million will be classified into medium enterprises.): This September, its small, medium and large enterprises' Export Management Indexes reached 41.9, 44.3 and 46.1 respectively.

2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for this September, the enterprises revealing YOY rise in their new order value accounted for 34%, more by 4.6 percentage points than August; the enterprises revealing YOY fall in their new order value accounted for 40%, less by 1.8 percentage points than August; and those revealing no change therein accounted for 26%.

3. More 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 32.4%, more by 6.9 percentage points than August; and those expressing "not optimistic" thereabout accounted for 31.7%, less by 3.3 percentage points than August.

4. Increase in the respondents revealing cost increase: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 62%, more by 0.7 percentage point than August; those revealing YOY evenness therein accounted for 31.3%; and those revealing YOY fall therein accounted for 6.7%.

According to the survey in itemized costs for September, the enterprises revealing increases in their labor cost and raw materials cost accounted respectively for 65.6% and 45.6%, more than August by 2.3 and 0.9 percentage points respectively; those revealing increase in foreign exchange cost accounted for 40%, slightly less than August by 0.1 percentage point.