China Export Leading Index Up in January 2017
[2017-02-13]
For January 2017, China’s Export Leading Index (ELI) reached 39, month-on-month (MOM) up by 1.6 from December 2016. As revealed by an online questionnaire survey, this January’s Export Manager Index rose by 2.1 MOM to 41.5; New Export Order Index rose by 2.0 MOM to 43.9; Export Managers Confidence Index rose by 3.7 to 47.2; Export Enterprises Comprehensive Cost Index dropped by 1.1 to 22.8.
1. Up in Export Manager Indexes of large, medium and small enterprises: For January, China’s large, medium and small-sized enterprises made their Export Manager Indexes up MOM by 2.4, 1.7 and 1.6 respectively to 43.6, 39 and 39.7.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for January, the enterprises revealing YOY rise in their new order value accounted for 28.6%, more by 0.8 percentage point than last December; the enterprises revealing YOY fall in their new order value accounted for 42.1%, less by 2.9 percentage points MOM; and those revealing no change therein accounted for 29.3%.
3. More enterprises optimistic about the export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 26.6%, more by 2.8 percentage points than last December; those expressing “not optimistic” accounted for 34%, less by 4.2 percentage points MOM.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 60.6%, more by 0.6 percentage point than last December; those revealing YOY cost evenness accounted for 33.6%; and those revealing YOY cost fall accounted for 5.8%.
According to the survey in itemized costs for January, the enterprises revealing increase in labor cost accounted for 58.1%, more by 1.5 percentage points than last December; those revealing increase in raw material cost accounted for 55.5%, less by 1.8 percentage points than last December; those revealing increase in foreign exchange cost accounted for 37.2%, less by 1.1 percentage points than last December.
1. Up in Export Manager Indexes of large, medium and small enterprises: For January, China’s large, medium and small-sized enterprises made their Export Manager Indexes up MOM by 2.4, 1.7 and 1.6 respectively to 43.6, 39 and 39.7.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for January, the enterprises revealing YOY rise in their new order value accounted for 28.6%, more by 0.8 percentage point than last December; the enterprises revealing YOY fall in their new order value accounted for 42.1%, less by 2.9 percentage points MOM; and those revealing no change therein accounted for 29.3%.
3. More enterprises optimistic about the export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 26.6%, more by 2.8 percentage points than last December; those expressing “not optimistic” accounted for 34%, less by 4.2 percentage points MOM.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 60.6%, more by 0.6 percentage point than last December; those revealing YOY cost evenness accounted for 33.6%; and those revealing YOY cost fall accounted for 5.8%.
According to the survey in itemized costs for January, the enterprises revealing increase in labor cost accounted for 58.1%, more by 1.5 percentage points than last December; those revealing increase in raw material cost accounted for 55.5%, less by 1.8 percentage points than last December; those revealing increase in foreign exchange cost accounted for 37.2%, less by 1.1 percentage points than last December.
Source: China Customs
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