China Export Leading Index Still Down in August 2015
[2015-09-11 15:47:41]
For this August, China's Export Leading Index (ELI) reached 34.0, month-on-month down by 0.1 from this July, straight 6-month decline suggesting the export will be still hard for the 4th quarter this year. As revealed by an online questionnaire survey, this August, China's Export Management Index reached 34.0, down by 2.6 from July; its New Export Order Index fell by 2.5 to 33.3 and Export Managers Confidence Index fell by 4.5 to 37.8, while Export Enterprises Comprehensive Cost Index rose by 0.7 to 28.4.
1. Fall in the Export Management Indexes of large and medium enterprises: For August, China's large and medium enterprises made their Export Management Indexes respectively down by 2.9 and 3.7 month-on-month to 35.6 and 31.7 while the index of small enterprises rose by 0.3 month-on-month to 33.5.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for August, the enterprises revealing YOY rise in their new order value accounted for 20.8%, less by 0.9 percentage points than July; the enterprises revealing YOY fall in their new order value accounted for 54.6%, more by 2.7 percentage points than July; and those revealing no change therein accounted for 24.6%.
3. More enterprises not optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic"thereabout accounted for 20.5%, less by 3.1 percentage points than July; those expressing "not optimistic"thereabout accounted for 46.1%, more by 4.4 percentage points than July.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 54.0%, less by 0.5 percentage point than July; those revealing YOY evenness therein accounted for 36.1%; and those revealing YOY fall therein accounted for 9.9%.
According to the survey in itemized costs for August, the enterprises revealing increase in their labor cost accounted for 60.5%, more by 1.4 percentage points than July; those revealing increase in their raw-material cost accounted for 38.1%, more by 2.2 percentage points than July; and those revealing increase in their foreign-exchange cost accounted for 33.4%, more by 2.2 percentage points than July.
1. Fall in the Export Management Indexes of large and medium enterprises: For August, China's large and medium enterprises made their Export Management Indexes respectively down by 2.9 and 3.7 month-on-month to 35.6 and 31.7 while the index of small enterprises rose by 0.3 month-on-month to 33.5.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for August, the enterprises revealing YOY rise in their new order value accounted for 20.8%, less by 0.9 percentage points than July; the enterprises revealing YOY fall in their new order value accounted for 54.6%, more by 2.7 percentage points than July; and those revealing no change therein accounted for 24.6%.
3. More enterprises not optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic"thereabout accounted for 20.5%, less by 3.1 percentage points than July; those expressing "not optimistic"thereabout accounted for 46.1%, more by 4.4 percentage points than July.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 54.0%, less by 0.5 percentage point than July; those revealing YOY evenness therein accounted for 36.1%; and those revealing YOY fall therein accounted for 9.9%.
According to the survey in itemized costs for August, the enterprises revealing increase in their labor cost accounted for 60.5%, more by 1.4 percentage points than July; those revealing increase in their raw-material cost accounted for 38.1%, more by 2.2 percentage points than July; and those revealing increase in their foreign-exchange cost accounted for 33.4%, more by 2.2 percentage points than July.
Source: ETCN
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