China Export Leading Index Down in March 2015
[2015-07-23 14:17:42]
For this March, China's Export Leading Index (ELI) reached 38.2, month-on-month down by 1.4 from this February, suggesting the export turnaround will not persist for the second quarter this year. As revealed by an online questionnaire survey, this March, China's Export Management Index reached 40, down by 1.1 from February; its New Export Order Index reached 40.4, down by 2.1 from February; Export Enterprises Comprehensive Cost Index was 26.7, up by 0.5 from February; Export Managers Confidence Index was 46.3, down by 0.3 from February.
1. Mild rise in the Export Management Index of medium-sized enterprises: For March, China's large enterprises made their Export Management Index at 41.2, down by 1.9 from February, and small enterprises made their Export Management Index at 37.2, down by 1.4 from February, while medium enterprises made their Export Management Index up by 0.4 from February to 39.8.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for March, the enterprises revealing YOY rise in their new order value accounted for 26.4%, less by 0.7 percentage points than February; the enterprises revealing YOY fall in their new order value accounted for 47.3%, more by 3.5 percentage points than February; and those revealing no change therein accounted for 26.3%.
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 the next 2-3 months accounted for 28.6%, more by 1.3 percentage points than February; and those expressing "not optimistic" thereabout accounted for 37.5%, more by 1.5 percentage points than February.
4. Slightly less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 56.2%, less by 0.8 percentage point than February; those revealing YOY evenness therein accounted for 35.7%; and those revealing YOY fall therein accounted for 8.1%.
According to the survey in itemized costs for March, the enterprises revealing increase in their labor cost accounted for 61.8%, less by 0.9 percentage point than February; those revealing increase in their raw-material cost accounted for 37.5%, less by 1.6 percentage points than February; and those revealing increase in their foreign-exchange cost accounted for 33.4%, less by 0.2 percentage point than February.
1. Mild rise in the Export Management Index of medium-sized enterprises: For March, China's large enterprises made their Export Management Index at 41.2, down by 1.9 from February, and small enterprises made their Export Management Index at 37.2, down by 1.4 from February, while medium enterprises made their Export Management Index up by 0.4 from February to 39.8.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for March, the enterprises revealing YOY rise in their new order value accounted for 26.4%, less by 0.7 percentage points than February; the enterprises revealing YOY fall in their new order value accounted for 47.3%, more by 3.5 percentage points than February; and those revealing no change therein accounted for 26.3%.
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 the next 2-3 months accounted for 28.6%, more by 1.3 percentage points than February; and those expressing "not optimistic" thereabout accounted for 37.5%, more by 1.5 percentage points than February.
4. Slightly less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 56.2%, less by 0.8 percentage point than February; those revealing YOY evenness therein accounted for 35.7%; and those revealing YOY fall therein accounted for 8.1%.
According to the survey in itemized costs for March, the enterprises revealing increase in their labor cost accounted for 61.8%, less by 0.9 percentage point than February; those revealing increase in their raw-material cost accounted for 37.5%, less by 1.6 percentage points than February; and those revealing increase in their foreign-exchange cost accounted for 33.4%, less by 0.2 percentage point than February.
Source: ETCN
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