China Export Leading Index Still Down in October 2015
[2016-02-18 17:28:53]
For October 2015, China's Export Leading Index (ELI) reached 32.8, month-on-month down by 1.2 from September, another decline following August and September evenness to suggest the export will be still hard in early 2016. As revealed by an online questionnaire survey, in October, China's Export Management Index reached 32.5, down by 1.2 from September; New Export Order Index fell by 1.9 to 30.8 and Export Managers Confidence Index fell by 1.0 to 36.9, while Export Enterprises Comprehensive Cost Index rose by 0.4 to 28.9.
1. Fall in the Export Management Indexes of enterprises: In October, China's large, medium and small enterprises made their Export Management Indexes respectively down by 1.8, 0.6 and 0.6 month-on-month to 33.7, 30.8 and 32.2 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for October, the enterprises revealing YOY rise in their new order value accounted for 18.0%, less by 1.7 percentage points than September; the enterprises revealing YOY fall in their new order value accounted for 57.0%, more by 1.8 percentage points than September; and those revealing no change therein accounted for 25.0%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" thereabout accounted for 19.3%, less by 1.5 percentage points than September; those expressing "not optimistic" accounted for 46.4%, less by 0.2 percentage point than September.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.8%, less by 0.9 percentage point than September; those revealing YOY evenness therein accounted for 36.6%; and those revealing YOY fall therein accounted for 10.6%.
According to the survey in itemized costs for October, the enterprises revealing increase in their labor cost accounted for 57.8%, less by 1.4 percentage points than September; those revealing increase in their raw-material cost accounted for 36.2%, less by 1.2 percentage points than September; and those revealing increase in their foreign-exchange cost accounted for 33.3%, less by 0.8 percentage point than September.
1. Fall in the Export Management Indexes of enterprises: In October, China's large, medium and small enterprises made their Export Management Indexes respectively down by 1.8, 0.6 and 0.6 month-on-month to 33.7, 30.8 and 32.2 respectively.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for October, the enterprises revealing YOY rise in their new order value accounted for 18.0%, less by 1.7 percentage points than September; the enterprises revealing YOY fall in their new order value accounted for 57.0%, more by 1.8 percentage points than September; and those revealing no change therein accounted for 25.0%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" thereabout accounted for 19.3%, less by 1.5 percentage points than September; those expressing "not optimistic" accounted for 46.4%, less by 0.2 percentage point than September.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.8%, less by 0.9 percentage point than September; those revealing YOY evenness therein accounted for 36.6%; and those revealing YOY fall therein accounted for 10.6%.
According to the survey in itemized costs for October, the enterprises revealing increase in their labor cost accounted for 57.8%, less by 1.4 percentage points than September; those revealing increase in their raw-material cost accounted for 36.2%, less by 1.2 percentage points than September; and those revealing increase in their foreign-exchange cost accounted for 33.3%, less by 0.8 percentage point than September.
Source: China Customs
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