China Export Leading Index Still Down in December 2015
[2016-02-17 15:15:01]
For December 2015, China's Export Leading Index (ELI) reached 31.2, month-on-month down by 0.8 from November, suggesting the export will be still hard for the 1st quarter of 2016. As revealed by an online questionnaire survey, in December, China's Export Management Index reached 32.7, down by 0.1 from November; New Export Order Index rose by 0.1 to 31.6 and Export Enterprises Comprehensive Cost Index rose by 0.4 to 29.7, while Export Managers Confidence Index fell by 0.5 to 35.8.
1. Fall in the Export Management Indexes of small and medium enterprises: For December, China's large enterprises made their Export Management Index up by 0.2 to 33.4, while such indexes of small and medium enterprises fell by 0.5 to 32.6 and by 0.2 to 31.8 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for December, the enterprises revealing YOY rise in their new order value accounted for 18.7%, less by 0.7 percentage point than November; the enterprises revealing YOY fall in their new order value accounted for 55.3%, less by 0.6 percentage point than November; and those revealing no change therein accounted for 26%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" accounted for 17.8%, less by 1.4 percentage points than November; those expressing "not optimistic" accounted for 46.8%, less by 0.1 percentage point than November.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.0%, less by 0.5 percentage point than November; those revealing YOY evenness therein accounted for 37.2%; and those revealing YOY fall therein accounted for 10.8%.
According to the survey in itemized costs for December, the enterprises revealing increase in their raw material cost accounted for 35.3%, more by 0.5 percentage point than November; those revealing increase in their foreign exchange cost accounted for 34.2%, more by 2.4 percentage points than November; and those revealing increase in their labor cost accounted for 58%, less by 0.9 percentage point than November.
1. Fall in the Export Management Indexes of small and medium enterprises: For December, China's large enterprises made their Export Management Index up by 0.2 to 33.4, while such indexes of small and medium enterprises fell by 0.5 to 32.6 and by 0.2 to 31.8 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for December, the enterprises revealing YOY rise in their new order value accounted for 18.7%, less by 0.7 percentage point than November; the enterprises revealing YOY fall in their new order value accounted for 55.3%, less by 0.6 percentage point than November; and those revealing no change therein accounted for 26%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" accounted for 17.8%, less by 1.4 percentage points than November; those expressing "not optimistic" accounted for 46.8%, less by 0.1 percentage point than November.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.0%, less by 0.5 percentage point than November; those revealing YOY evenness therein accounted for 37.2%; and those revealing YOY fall therein accounted for 10.8%.
According to the survey in itemized costs for December, the enterprises revealing increase in their raw material cost accounted for 35.3%, more by 0.5 percentage point than November; those revealing increase in their foreign exchange cost accounted for 34.2%, more by 2.4 percentage points than November; and those revealing increase in their labor cost accounted for 58%, less by 0.9 percentage point than November.
Source: China Customs
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