China Export Leading Index Still Down in May 2015
[2015-07-24 16:59:21]
For this May, China's Export Leading Index (ELI) reached 35, month-on-month down by 0.9 from this April, straight three-month decline suggesting the export will be hard for the middle of this year. As revealed by an online questionnaire survey, this May, China's Export Management Index reached 38.1, down by 1.4 from April; its New Export Order Index and Export Managers Confidence Index both fell by 1.9 to respectively 37.7 and 44.1, while Export Enterprises Comprehensive Cost Index rose by 0.6 to 26.8.
1. Fall in the Export Management Indexes of enterprises: For May, China's large, medium and small enterprises made their Export Management Indexes respectively at 39.6, 37.2 and 35, respectively down by 1.1, 1.4 and 2.4 from April.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for May, the enterprises revealing YOY rise in their new order value accounted for 23.8%, less by 2.6 percentage points than April; the enterprises revealing YOY fall in their new order value accounted for 49.9%, more by 1.7 percentage points than April; and those revealing no change therein accounted for 26.3%.
3. Less enterprises optimistic about their exports in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" thereabout accounted for 24.9%, less by 2.4 percentage points than April; those expressing "not optimistic" thereabout accounted for 39%, more by 1.9 percentage points than April.
4. Slightly less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 55.7%, less by 0.9 percentage point than April; those revealing YOY evenness therein accounted for 36.5%; and those revealing YOY fall therein accounted for 7.8%.
According to the survey in itemized costs for May, the enterprises revealing increase in their labor cost accounted for 59.7%, less by 1.2 percentage points than April; those revealing increase in their raw-material cost accounted for 37.8%, more by 0.1 percentage point than April; and those revealing increase in their foreign-exchange cost accounted for 32.8%, the same as April.
1. Fall in the Export Management Indexes of enterprises: For May, China's large, medium and small enterprises made their Export Management Indexes respectively at 39.6, 37.2 and 35, respectively down by 1.1, 1.4 and 2.4 from April.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for May, the enterprises revealing YOY rise in their new order value accounted for 23.8%, less by 2.6 percentage points than April; the enterprises revealing YOY fall in their new order value accounted for 49.9%, more by 1.7 percentage points than April; and those revealing no change therein accounted for 26.3%.
3. Less enterprises optimistic about their exports in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" thereabout accounted for 24.9%, less by 2.4 percentage points than April; those expressing "not optimistic" thereabout accounted for 39%, more by 1.9 percentage points than April.
4. Slightly less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 55.7%, less by 0.9 percentage point than April; those revealing YOY evenness therein accounted for 36.5%; and those revealing YOY fall therein accounted for 7.8%.
According to the survey in itemized costs for May, the enterprises revealing increase in their labor cost accounted for 59.7%, less by 1.2 percentage points than April; those revealing increase in their raw-material cost accounted for 37.8%, more by 0.1 percentage point than April; and those revealing increase in their foreign-exchange cost accounted for 32.8%, the same as April.
Source: ETCN
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