China Export Leading Index Up Mildly in July 2014
[2014-08-08 12:36:25]
This July, China's Export Leading Index (ELI) was 42.6, up by 0.4 from this June. As revealed by an online questionnaire survey, for this July, China's Export Management Index reached 43, up by 0.2 from June; its New Export Order Index reached 46.7, up by 0.4 from June; its Export Managers Confidence Index and Export Enterprises Comprehensive Cost Index were 47.8 and 22 respectively, both down by 0.1 from June.
1. Rise in the Export Management Indexes of China's medium and large enterprises: This July, its medium and large enterprises' Export Management Indexes respectively reached 44.3 and 47.1, up by 0.7 and 0.6 from June respectively, while its small-sized enterprises' Export Management Index was 40.1, down by 0.3 from June.
2. An increase by 0.5 percentage point in both the respondents revealing year-on-year (YOY) rise and those revealing YOY fall in their new order value: shown by the online survey, for this July, the enterprises revealing YOY rise in their new order value accounted for 30.8%, up by 0.5 percentage point from June; the enterprises revealing YOY fall in their new order value accounted for 40.1%, up by 0.5 percentage point from June; and those revealing no change therein accounted for 29.1%.
3. An increase by one percentage point in the respondents who are optimistic about their exports in next 2-3 months: shown by the online survey, the enterprises "not optimistic" about their exports in next 2-3 months accounted for 34.9%, even with June; and those expressing "optimistic" thereabout accounted for 26.8%, up by one percentage point from June.
4. Decrease in the respondents revealing bigger cost pressure: shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 61.1%, down by 0.5 percentage point from June; the enterprises revealing YOY evenness therein accounted for 33.8%; and those revealing YOY fall therein accounted for 5.1%.
According to the survey in itemized costs, the enterprises revealing increases in their labor cost, raw materials cost and foreign exchange cost accounted respectively for 63.7%, 45.3% and 37.8%, which were down by 1.5 percentage points, 1.4 percentage points and 0.4 percentage point from June respectively.
1. Rise in the Export Management Indexes of China's medium and large enterprises: This July, its medium and large enterprises' Export Management Indexes respectively reached 44.3 and 47.1, up by 0.7 and 0.6 from June respectively, while its small-sized enterprises' Export Management Index was 40.1, down by 0.3 from June.
2. An increase by 0.5 percentage point in both the respondents revealing year-on-year (YOY) rise and those revealing YOY fall in their new order value: shown by the online survey, for this July, the enterprises revealing YOY rise in their new order value accounted for 30.8%, up by 0.5 percentage point from June; the enterprises revealing YOY fall in their new order value accounted for 40.1%, up by 0.5 percentage point from June; and those revealing no change therein accounted for 29.1%.
3. An increase by one percentage point in the respondents who are optimistic about their exports in next 2-3 months: shown by the online survey, the enterprises "not optimistic" about their exports in next 2-3 months accounted for 34.9%, even with June; and those expressing "optimistic" thereabout accounted for 26.8%, up by one percentage point from June.
4. Decrease in the respondents revealing bigger cost pressure: shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 61.1%, down by 0.5 percentage point from June; the enterprises revealing YOY evenness therein accounted for 33.8%; and those revealing YOY fall therein accounted for 5.1%.
According to the survey in itemized costs, the enterprises revealing increases in their labor cost, raw materials cost and foreign exchange cost accounted respectively for 63.7%, 45.3% and 37.8%, which were down by 1.5 percentage points, 1.4 percentage points and 0.4 percentage point from June respectively.
Source: China Customs
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