China Export Leading Index 41.1 for Dec, Down 0.7 from Nov, 2017

For December 2017, China’s Export Leading Index (ELI) was 41.1, down 0.7 from November 2017. As revealed by online questionnaire survey, this December’s Export Manager Index was 44.2, down 0.6 from November; New Export Order Index dropped by 0.4 to 48.3; Export Managers Confidence Index dropped by 1.2 to 50; Export Enterprises Comprehensive Cost Index rebounded by 0.4 to 20.5.

1. Down in Export Manager Indexes of large-medium enterprises: This December, China’s large and medium enterprises’ Export Manager Indexes went down by 0.6 and 1.3 to 47.4 and 40.3 respectively, while small enterprises’ rebounded by 1.1 to 42.1, compared with November.

2. There were 0.1 less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey in December, the enterprises revealing YOY rise in their new order value accounted for 32.2%, less by 0.1 percentage point than in November; the enterprises revealing YOY fall in the new order value accounted for 37.5%, less by 0.4 percentage point than November; and those revealing no change therein accounted for 30.3%.

3. Less enterprises optimistic about export for the next 2-3 months: According to the online survey result, the enterprises expressing “optimistic” accounted for 28.7%, less by 1.4 percentage points than November; those expressing “not optimistic” accounted for 31%, more by 0.5 percentage point than November; the enterprises with the same confidence as in November accounted for 40.3%.

4. Less respondents revealing cost rise: According to the online survey result, the enterprises revealing YOY rise in their export cost accounted for 63.1%, less by 1.2 percentage points than November; those revealing YOY cost evenness accounted for 32.8%; and those with YOY cost fall accounted for 4.1%.

According to the survey result by itemized costs in December, the enterprises revealing increase in labor cost accounted for 58.8%, less by 1.4 percentage points than November; those revealing increase in raw material cost accounted for 57%, less by 2.0 percentage points than November; those revealing increase in foreign exchange cost accounted for 39.2%, more by 1.6 percentage points than November.