China Export Leading Index Still Down in June 2015
[2015-07-24 17:00:10]
For this June, China's Export Leading Index (ELI) reached 34.8, month-on-month down by 0.2 from this May, straight four-month decline suggesting the export will be still hard for the third quarter this year. As revealed by an online questionnaire survey, this June, China's Export Management Index reached 36.5, down by 1.6 from May; its New Export Order Index, Export Managers Confidence Index and Export Enterprises Comprehensive Cost Index respectively fell by 1.5, 1.9 and 0.4 to 36.2, 42.2 and 26.4.
1. Fall in the Export Management Indexes of enterprises: For June, China's large, medium and small enterprises made their Export Management Indexes respectively at 38.2, 34.9 and 34.7, respectively down by 1.4, 2.3 and 0.3 from May.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for June, the enterprises revealing YOY rise in their new order value accounted for 22%, less by 1.8 percentage points than May; the enterprises revealing YOY fall in their new order value accounted for 50.8%, more by 0.9 percentage point than May; and those revealing no change therein accounted for 27.2%.
3. Less enterprises optimistic about their exports in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" thereabout accounted for 23.5%, less by 1.4 percentage points than May; those expressing "not optimistic" thereabout accounted for 41.2%, more by 2.2 percentage points than May.
4. Slightly more respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 55.7%, even with May; those revealing YOY evenness therein accounted for 36.6%; and those revealing YOY fall therein accounted for 7.7%.
According to the survey in itemized costs for June, the enterprises revealing increase in their labor cost accounted for 58.7%, less by 1.0 percentage point than May; those revealing increase in their raw-material cost accounted for 36.9%, less by 0.9 percentage point than May; and those revealing increase in their foreign-exchange cost accounted for 33.1%, more by 0.3 than May.
1. Fall in the Export Management Indexes of enterprises: For June, China's large, medium and small enterprises made their Export Management Indexes respectively at 38.2, 34.9 and 34.7, respectively down by 1.4, 2.3 and 0.3 from May.
2. Less enterprises revealing year-on-year (YOY) rise in their new order value: Shown by the online survey, for June, the enterprises revealing YOY rise in their new order value accounted for 22%, less by 1.8 percentage points than May; the enterprises revealing YOY fall in their new order value accounted for 50.8%, more by 0.9 percentage point than May; and those revealing no change therein accounted for 27.2%.
3. Less enterprises optimistic about their exports in next 2-3 months: Shown by the online survey, the enterprises expressing "optimistic" thereabout accounted for 23.5%, less by 1.4 percentage points than May; those expressing "not optimistic" thereabout accounted for 41.2%, more by 2.2 percentage points than May.
4. Slightly more respondents revealing cost rise: Shown by the online survey, the enterprises revealing YOY rise in their export comprehensive cost accounted for 55.7%, even with May; those revealing YOY evenness therein accounted for 36.6%; and those revealing YOY fall therein accounted for 7.7%.
According to the survey in itemized costs for June, the enterprises revealing increase in their labor cost accounted for 58.7%, less by 1.0 percentage point than May; those revealing increase in their raw-material cost accounted for 36.9%, less by 0.9 percentage point than May; and those revealing increase in their foreign-exchange cost accounted for 33.1%, more by 0.3 than May.
Source: ETCN
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