China Export Leading Index Up in December 2016
[2017-01-16]
For December 2016, China’s Export Leading Index (ELI) reached 37.4, month-on-month (MOM) up by 0.5 from November. As revealed by an online questionnaire survey, China’s December Export Manager Index dropped by 0.6 MOM to 39.4; New Export Order Index rose by 0.6 MOM to 41.9; Export Managers Confidence Index dropped by 2.0 to 43.5; Export Enterprises Comprehensive Cost Index dropped by 1.6 to 23.9.
1. Down in Export Manager Indexes of large and medium enterprises: For December, China’s large and medium-sized enterprises made their Export Manager Indexes down MOM by 0.6 and 1.0 respectively to 41.2 and 37.3, while that of small enterprises kept 38.1 as in November.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for December, the enterprises revealing YOY rise in their new order value accounted for 27.8%, more by 1.4 percentage points than November; the enterprises revealing YOY fall in their new order value accounted for 45%, less by 0.3 percentage point than November; and those revealing no change therein accounted for 27.2%.
3. Less enterprises optimistic about the export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 23.8%, less by 2.1 percentage points than November; those expressing “not optimistic” accounted for 38.2%, more by 1.3 percentage points than November.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 60%, more by 3.3 percentage points than November; those revealing YOY cost evenness accounted for 32.6%; and those revealing YOY cost fall accounted for 7.4%.
According to the survey in itemized costs for December, the enterprises revealing increase in labor cost accounted for 56.6%, more by 1.2 percentage points than November; those revealing increase in raw material cost accounted for 57.3%, more by 5.7 percentage points than November; those revealing increase in foreign exchange cost accounted for 38.3%, more by 1.0 percentage point than November.
1. Down in Export Manager Indexes of large and medium enterprises: For December, China’s large and medium-sized enterprises made their Export Manager Indexes down MOM by 0.6 and 1.0 respectively to 41.2 and 37.3, while that of small enterprises kept 38.1 as in November.
2. More enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey for December, the enterprises revealing YOY rise in their new order value accounted for 27.8%, more by 1.4 percentage points than November; the enterprises revealing YOY fall in their new order value accounted for 45%, less by 0.3 percentage point than November; and those revealing no change therein accounted for 27.2%.
3. Less enterprises optimistic about the export in next 2-3 months: Shown by the online survey, the enterprises expressing “optimistic” accounted for 23.8%, less by 2.1 percentage points than November; those expressing “not optimistic” accounted for 38.2%, more by 1.3 percentage points than November.
4. More respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 60%, more by 3.3 percentage points than November; those revealing YOY cost evenness accounted for 32.6%; and those revealing YOY cost fall accounted for 7.4%.
According to the survey in itemized costs for December, the enterprises revealing increase in labor cost accounted for 56.6%, more by 1.2 percentage points than November; those revealing increase in raw material cost accounted for 57.3%, more by 5.7 percentage points than November; those revealing increase in foreign exchange cost accounted for 38.3%, more by 1.0 percentage point than November.
Source: China Customs
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