China Export Leading Index Still Down in November 2015
[2016-02-18 17:30:45]
For November 2015, China's Export Leading Index (ELI) reached 31.8, month-on-month down by 1.0 from October, suggesting the export will be still hard for early 2016. As revealed by an online questionnaire survey, in November, China's Export Management Index reached 32.8, up by 0.3 month-on-month; New Export Order Index rose by 0.8 to 31.6 and Export Enterprises Comprehensive Cost Index rose by 0.4 to 29.3, while Export Managers Confidence Index fell by 0.6 to 36.3.
1. Rise in the Export Management Indexes of small and medium enterprises: For November, China's large enterprises made their Export Management Index down by 0.5 to 33.2, while such indexes of small and medium enterprises rose by 0.9 to 33.1 and by 1.2 to 32.0 respectively.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for November, the enterprises revealing YOY rise in their new order value accounted for 19.4%, more by 1.4 percentage points than October; the enterprises revealing YOY fall in their new order value accounted for 55.9%, less by 1.1 percentage points than October; and those revealing no change therein accounted for 24.7%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" accounted for 19.2%, less by 0.1 percentage point than October; those expressing "not optimistic" accounted for 46.9%, more by 0.5 percentage point than October.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.5%, less by 0.3 percentage point than October; those revealing YOY evenness therein accounted for 37.0%; and those revealing YOY fall therein accounted for 10.5%.
According to the survey in itemized costs for November, the enterprises revealing increase in their raw material cost accounted for 34.8%, less by 1.4 percentage points than October; those revealing increase in their foreign exchange cost accounted for 31.8%, less by 1.5 percentage points than October; and those revealing increase in their labor cost accounted for 58.9%, more by 1.1 percentage points than October.
1. Rise in the Export Management Indexes of small and medium enterprises: For November, China's large enterprises made their Export Management Index down by 0.5 to 33.2, while such indexes of small and medium enterprises rose by 0.9 to 33.1 and by 1.2 to 32.0 respectively.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for November, the enterprises revealing YOY rise in their new order value accounted for 19.4%, more by 1.4 percentage points than October; the enterprises revealing YOY fall in their new order value accounted for 55.9%, less by 1.1 percentage points than October; and those revealing no change therein accounted for 24.7%.
3. Less enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" accounted for 19.2%, less by 0.1 percentage point than October; those expressing "not optimistic" accounted for 46.9%, more by 0.5 percentage point than October.
4. Less respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.5%, less by 0.3 percentage point than October; those revealing YOY evenness therein accounted for 37.0%; and those revealing YOY fall therein accounted for 10.5%.
According to the survey in itemized costs for November, the enterprises revealing increase in their raw material cost accounted for 34.8%, less by 1.4 percentage points than October; those revealing increase in their foreign exchange cost accounted for 31.8%, less by 1.5 percentage points than October; and those revealing increase in their labor cost accounted for 58.9%, more by 1.1 percentage points than October.
Source: China Customs
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