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May Agricultural Machinery Market Sentiment Index 42.1 Percent Performance Unsatisfactory

2018-06-13


The China Agricultural Machinery Circulation Association released the China Agricultural Machinery Market Prosperity Index (AMI) in May 2018, which was 42.1, a decrease of 19.8 percentage points from the previous month and a year-on-year increase of 12.6 percentage points. From a month-on-month perspective, all six primary indexes showed a downward trend, of which the efficiency index, inventory index, sentiment index and manager confidence index all fell by more than 20%. From a year-on-year point of view, in addition to the agricultural machinery subsidy index, the other five first-level indexes showed an upward trend, of which the popularity index increased by 16.5 percentage points. Currently, all six primary indices are in recession.

The China Agricultural Machinery Circulation Association released the China Agricultural Machinery Market Prosperity Index (AMI) in May 2018, which was 42.1, a decrease of 19.8 percentage points from the previous month and a year-on-year increase of 12.6 percentage points. From a month-on-month perspective, all six primary indexes showed a downward trend, of which the efficiency index, inventory index, sentiment index and manager confidence index all fell by more than 20%. From a year-on-year point of view, in addition to the agricultural machinery subsidy index, the other five first-level indexes showed an upward trend, of which the popularity index increased by 16.5 percentage points. Currently, all six primary indices are in the recession range.

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May Agricultural Machinery Market Sentiment Index 42.1 Percent Performance Unsatisfactory

Special Analyst ZhangHuaguangIt is believed that although May is the traditional peak season of agricultural machinery market, the market performance is not satisfactory. AMI fell sharply month-on-month, falling below the boom and bust line and sliding into the recession zone. The six first-level indexes all fell sharply month-on-month and entered the recession range; the year-on-year performance was the opposite. Except for the subsidy index, the other five first-level indexes showed varying degrees of growth. Of the six secondary indexes, except for harvesters and sowing machines, which are located in the boom range, the others have also entered the recession range. Of the eight tertiary indexes, except for the wheat and rice harvester indexes, which remained in the boom range and the deep loosening machine index continued to be depressed, all others fell into the recession range. The sharp decline from the previous month means that the agricultural machinery market will still face severe downward pressure in the next few months; except for the subsidy index, other indexes have increased to varying degrees year-on-year, indicating that this year's market is better than the same period last year. The reasons for the formation: First, the sluggish peak season is mainly due to the decline in food prices, the extension of the renewal cycle, and the decline in investment demand; second, in the same period last year, the market was sluggish, forming a "depression" of prosperity, which directly led to the emergence of most prosperity indexes this year. The rise; third, the month-on-month decline was mainly due to the high prosperity in April. June is the traditional off-season, from the first-level index all fell month-on-month, the popularity index, manager confidence index fell sharply, is expected to AMI recession will also decline, most of the index continues to stay in the recession range.

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