China Export Leading Index Up in March 2016

[2016-07-13 11:47:20]

For March 2016, China's Export Leading Index (ELI) reached 31.6, month-on-month (MOM) up by 0.3 from February. As revealed by an online questionnaire survey, China's March Export Management Index reached 36.1, up by 3.4 MOM; New Export Order Index rose by 3.8 MOM to 35.7 and Export Managers Confidence Index rose by 4.7 to 40.2, while Export Enterprises Comprehensive Cost Index dropped by 0.7 to 29.1.

1. Rise in the Export Management Indexes of all enterprises: For March, China's large, medium and small enterprises made their Export Management Indexes up by 4.1, 2.5 and 2.9 MOM to 37.5, 34.3 and 35.5 respectively.

2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey of March, the enterprises revealing YOY rise in their new order value accounted for 21.9%, more by 4.3 percentage points than February; the enterprises revealing YOY fall in their new order value accounted for 51.1%, less by 3.3 percentage points than February; and those revealing no change therein accounted for 27.0%.

3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" accounted for 22.0%, more by 3.5 percentage points than February; those expressing "not optimistic" accounted for 42.5%, less by 4.9 percentage points than February.

4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 51.7%, more by 0.8 percentage point than February; those revealing YOY evenness therein accounted for 38.8%; and those revealing YOY fall therein accounted for 9.5%.

According to the survey in itemized costs for March, the enterprises revealing increase in their labor cost accounted for 55.4%, less by 2.1 percentage points than February; those revealing increase in their foreign exchange cost accounted for 33.5%, less by 0.7 percentage point than February; those revealing increase in raw material cost accounted for 37.8%, more by 2.6 percentage points than February.

Source: China Customs