China Export Leading Index Up in July 2016

[2016-08-16 14:24:41]

For July 2016, China’s Export Leading Index (ELI) reached 34.0, month-on-month (MOM) up by 1.3 from June, signaling light pressure on export in early fourth quarter. As revealed by an online questionnaire survey, China’s July Export Management Index reached 36.9, up by 1.0 MOM; New Export Order Index rose by 0.9 MOM to 36.3, and Export Managers Confidence Index rose by 2.2 to 42.4, while Export Enterprises Comprehensive Cost Index dropped by 1.0 to 28.0.  
 
1. Rebound in the Export Management Indexes of large and small enterprises: For July, China’s large and small enterprises made their Export Management Indexes up MOM by 1.1 and 2.4 to 38.0 and 36.7 respectively while the index of medium enterprises remained 35.3 as June. 
 
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for July, the enterprises revealing YOY rise in their new order value accounted for 23.1%, more by 2.4 percentage points than June; the enterprises revealing YOY fall in their new order value accounted for 50.5%, the same as June; and those revealing no change therein accounted for 26.4%.
 
3. More enterprises optimistic about export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 24.3%, more by 3.7 percentage points than June; those expressing “not optimistic” accounted for 40.9%, less by 1.3 percentage points than June.
 
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 52.7%, more by 1.3 percentage points than June; those revealing YOY cost evenness accounted for 38.6%; and those revealing YOY cost fall accounted for 8.7%.
 
According to the survey in itemized costs for July, the enterprises revealing increase in their labor cost accounted for 55.3%, more by 0.4 percentage point than June; those revealing increase in their raw material cost accounted for 39.7%, more by 1.7 percentage points than June; those revealing increase in foreign exchange cost accounted for 34.1%, less by 0.4 percentage point than June. 
 
Source: China Customs
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